Production Risk in a Subsistence Agriculture

  title={Production Risk in a Subsistence Agriculture},
  author={Atle G. Guttormsen and Kristin H. Roll},
Purpose: In this article we illustrate the importance of understanding the risk profiles of new technologies, in addition to the changes in productivity, to be able to determine strategies for agricultural development. Design/methodology/approach: The analysis is based on data obtained from a 2002 survey of subsistence farmers in the Kilimanjaro region of Tanzania, and a Just and Pope (1978) framework is used for modeling risk. Findings: We find that even if extension services do not increase… CONTINUE READING