Risk Management Strategies to Cope Catastrophic Risks in Agriculture: The Case of Contract Farming, Diversification and Precautionary Savings

Risk management is an essential way for farmers to reduce uncertainty. In this research, a stratified random sampling method was used to survey 350 maize farmers in four different agro-ecological regions in Bangladesh. Using the multivariate probit model, this study explored the possible correlation...

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Bibliographic Details

Published in:	Agriculture
Main Authors:	K M Mehedi Adnan, Liu Ying, Zeraibi Ayoub, Swati Anindita Sarker, Rashid Menhas, Feiyu Chen, Man (Mark) Yu
Format:	Article
Language:	English
Published:	MDPI AG 2020-08-01
Subjects:	risk management tools precautionary savings diversification contract farming probit regression Bangladesh
Online Access:	https://www.mdpi.com/2077-0472/10/8/351