Modelling South African grain farmers' preferences to adopt derivative contracts using discrete choice models

dc.contributor.authorUeckermann, E.M.
dc.contributor.authorBlignaut, James Nelson
dc.contributor.authorGupta, Rangan
dc.contributor.authorRaubenheimer, J.
dc.contributor.emailjames.blignaut@up.ac.zaen
dc.date.accessioned2008-08-05T08:50:47Z
dc.date.available2008-08-05T08:50:47Z
dc.date.issued2008-06
dc.description.abstractThis paper applies a discrete choice model to determine specific characteristics that influence South African grain farmers' preferences to hedge against uncertainties. This is the first empirical study on South African grain producers' preferences to adopt derivative contracting and is based on the survey data of Grain South Africa for 2006. With the application of separate binary logit models for each major grain commodity, this paper establishes that different grain farmers are significantly heterogeneous. The results also show that grain farmers' preferences to adopt derivative contracting are mostly influenced by the farmers' prediction of daily grain prices and trends, farm size and various geographic characteristics. From a policy perspective it has been indicated that food and income insecurity will be reduced if farmers can adopt derivative contracting at large scale since it will enable the producers to produce staple food on a continuous basis at a relatively profitable level.en
dc.format.extent185179 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.citationUeckermann, EM, Blignaut, JN, Gupta, R & Raubenheimer, J 2008, 'Modelling South African grain farmers' preferences to adopt derivative contracts using discrete choice models', Agrekon, vol. 47, no. 2, pp. 222-239. [http://www.aeasa.org.za]en
dc.identifier.issn0303-1853
dc.identifier.urihttp://hdl.handle.net/2263/6471
dc.language.isoenen
dc.publisherAgricultural Economics Association of South Africaen
dc.rightsAgricultural Economics Association of South Africaen
dc.subjectDiscrete choice modelsen
dc.subjectMicro-analysis of farmersen
dc.subjectAgricultural markets and marketingen
dc.subject.lcshAgriculture -- Economic aspects -- South Africaen
dc.titleModelling South African grain farmers' preferences to adopt derivative contracts using discrete choice modelsen
dc.typeArticleen

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