Factors Driving the Adoption of Coping Strategies to Market Risks of Shrimp Farmers: A Case Study in a Coastal Province of Vietnam

Asian Journal of Agriculture and Rural Development

article

Nguyen Thai Phan¹  Isabelita M Pabuayon²  Nguyen Duc Kien³  Truong Quang Dung³  Le Thanh An³  Nguyen Cong Dinh³ 

[1] University of Economics, Hue University, Vietnam, and University of the Philippines Los Banos;University of the Philippines Los Banos;University of Economics, Hue University

关键词: Market risks;    Risk management strategies;    Technology adoption;    Shrimp production;    Logit model;    Vietnam.;   

DOI  :  10.55493/5005.v12i2.4444

学科分类：农业科学（综合）

来源: Asian Economic and Social Society

【 摘 要 】

Shrimp farmers in Vietnam respond passively to market risks, such as input and output price shocks. This study provides a better understanding of market risks, risk management strategies adopted by shrimp farmers, the factors driving their choice of strategies, and how such strategies affect farm performance. Random sampling was used to collect information from a sample of 246 shrimp farmers. Several analytical methods were combined, including descriptive analysis, coefficient of variance estimation for market risks, and a logistic regression model to uncover factors behind farmers’ decisions to adopt risk management strategies. To cope with market risks, shrimp farmers frequently adopt two risk management strategies: changes in farming technology and practices, and agricultural input contracts. Overall, 54.9% of shrimp farmers only used a single strategy, whereas the others used combined risk management strategies. Age, farm size, membership in a farmers association, participation in training, gender, price of output, price of seed, price of fertilizer, distance from farm to the market center, and shrimp type were identified as factors driving the probability of using combined risk management strategies.

【 授权许可】

CC BY