Central Bank of Nigeria
Agriculture, Poverty, Risk attitudes, Farmers, Nigeria
The Nigerian agriculture is characterised by low productivity low fam incomes and low levels of
technological adoption and we inefficient production technique. This poor state of Nigerian agriculture is related to farmers' attitude towards risk in the adoption of production techniques, as well as risk in the production and socioeconomic environment, this study therefore sought to specifically to: determine the extent of poverty among farmers in the area; assess the risk attitude of the farmers and determine the effect of poverty variables on risk attitude of farmers. A multi-stage random sampling technique was used for selection of respondent. Data were generated from both primary and secondary sources. The collected data were analysed using descriptive statistics, the Foster-Greer-Thorbecke poverty measure, safety first model of risk determination and multiple regression analysis. Results showed that majority of the farm households were poor, and that poverty determined their observed economic behaviour.
CBN Economic and Financial Review
Aye, G. C. & Oji, O. (2009). Effects of poverty on risk attitudes of farmers in Benue state Nigeria. CBN Economic and Financial Review, 47(1), 89-104.