Manuela Meraner|Robert Finger
Risk perceptions, preferences and management strategies: evidence from a case study using German livestock farmers
ETH Zurich|University of Bonn|ETH Zurich
analyze factors affecting farmers choice accounting farm farmer household characteristics well elicited risk perception risk preferences consider three alternative hypothetical methods assessing risk preferences test stability behavioral validity case study focuses livestock farmers german region north rhinewestphalia find risk preferences context depending ie differ across different fields farmlevel decisionmaking furthermore analysis shows riskaverse farmers likely prioritize onfarm risk management strategies offfarm strategies moreover higher risk perception age subjective numeracy farm succession farm size proportion rented land show significant impact farmers risk behavior