Farmer Risk Preferences and Willingness to Pay for African Rice Landrace Seed: An Experimental Choice Analysis

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cg.authorship.typesCGIAR and advanced research instituteen_US
cg.contributor.affiliationAfrica Rice Centeren_US
cg.contributor.affiliationUniversity of Saskatchewanen_US
cg.contributor.donorCGIAR Trust Funden_US
cg.contributor.initiativeMarket Intelligenceen_US
cg.contributor.initiativeWest and Central African Food Systems Transformationen_US
cg.coverage.countryCôte d'Ivoireen_US
cg.coverage.iso3166-alpha2CIen_US
cg.coverage.regionAfricaen_US
cg.coverage.regionWestern Africaen_US
cg.creator.identifierAminou Arouna: 0000-0001-9118-472Xen_US
cg.identifier.doihttps://doi.org/10.1079/9781800622289.0010en_US
cg.subject.actionAreaGenetic Innovationen_US
cg.subject.actionAreaResilient Agrifood Systemsen_US
cg.subject.impactAreaGender equality, youth and social inclusionen_US
cg.subject.impactPlatformNutrition, Health and Food Securityen_US
dc.contributor.authorArouna, A.en_US
dc.contributor.authorTyack, N.en_US
dc.contributor.authorAboudou, R.en_US
dc.date.accessioned2023-10-19T11:42:40Zen_US
dc.date.available2023-10-19T11:42:40Zen_US
dc.identifier.urihttps://hdl.handle.net/10568/132331en_US
dc.titleFarmer Risk Preferences and Willingness to Pay for African Rice Landrace Seed: An Experimental Choice Analysisen_US
dcterms.abstractMost literature that investigates the impact of farmer risk preferences on agricultural technology adoption has focused on how risk preferences impact the adoption of technologies that enhance productivity but that may be riskier than local technologies. In this work, we elicit the risk preferences of smallholder rice farmers and investigate how these preferences impact how they value having access to seed of farmers’ varieties of African rice (Oryza glaberrima) maintained in the gene bank of the Rice Biodiversity Center for Africa. These varieties may have lower yields, but they may be more consistent and less risky given their adaptation to the local climatic conditions. We use a Becker–DeGroot–Marschak (BDM) mechanism to elicit farmers’ willingness to pay for small amounts of landrace seed (35 g) in Côte d’Ivoire. We find that farmers generally value having access to African rice landraces (with a mean willingness to pay of ~US$0.50), and that this willingness to pay is influenced positively by loss-aversion preferences (but not risk aversion), along with several other factors. This finding is in contrast with past evidence suggesting that loss aversion is connected to slower adoption of novel technologies, and suggests that the impact of risk preferences on technology adoption may depend on the potential ability of technologies to guard against economic losses.en_US
dcterms.accessRightsLimited Accessen_US
dcterms.audienceCGIARen_US
dcterms.audienceDonorsen_US
dcterms.audienceScientistsen_US
dcterms.available2023-10-02en_US
dcterms.bibliographicCitationArouna, A., Tyack, N. and Aboudou, R. 2023. Farmer Risk Preferences and Willingness to Pay for African Rice Landrace Seed: An Experimental Choice Analysis. IN: Mishra, A.K., Kumbhakar, S. and Lien, G. (eds.), Managing Risk in Agriculture: A Development Perspective: Cote d'Ivoire: 144 - 154.en_US
dcterms.extent144 - 154en_US
dcterms.issued2023-10-02en_US
dcterms.languageenen_US
dcterms.licenseCopyrighted; all rights reserveden_US
dcterms.publisherCAB Internationalen_US
dcterms.subjectagricultural technologyen_US
dcterms.subjectproductivityen_US
dcterms.subjectrisken_US
dcterms.subjectfarmersen_US
dcterms.typeBook Chapteren_US

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