Comparing perceptions of sources of risk in agriculture and risk management strategies among rice farmers in Khon Kaen, Thailand

Abstract

This research examined the perception of sources of risk and risk management strategies among rice farmers in Khon Kaen, Thailand. The data in this study were obtained from a face-to-face survey of 140 rice farmers  in rain-fed and irrigated areas. Factor analysis and multiple regression analysis were applied to investigate the  association between the farmers’ characteristics, and the sources of risk and the management perceptions of risks. The results showed that some farmers’ characteristics such as age, farm size and farm location significantly impacted the risks and risk management perceptions of rice farmers.