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Analysis of risk propensity factors in the production of lemons in Lankaran region

Turan Ahmadli Nadir

muharrembeyturan@gmail.com

Gamar Ibrahimova Afgan

muharrembeyturan@gmail.com

Shamil Rajabov Ilham

muharrembeyturan@gmail.com

23156 ­ ­ AZ ­ ­ 40. August 2022 ­ ­­ ­ Lankaran lemon producer risk risk propensity analysis of risk factors

The agricultural sector is a strategic sector for the nutrition and employment of citizens all over the world and for the development of countries. It is considered a sensitive and strategic sector all over the world due to its natural production conditions. There are many risk factors in the agricultural sector that play an important economic and social role. This article examines the factors influencing the behavior of farmers growing lemons in the Lankaran region of Azerbaijan. To this end, a survey was conducted among 270 lemon producers in the study area. It was determined that 45.7% of producers are risk averse, 28.5% are risk neutral and 25.8% are risk averse. When analyzing the obtained data, an The Sequential Probit Model was used. The factors influencing the behavior of producers in the face of risks arising from the production of lemon are determined. The results of the study can help manufacturers make the right decisions at the right time.

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AUTHORS

 

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Yunus. Sadigov

Azerbaijan National Academy of Sciences, Institute of Economics, Lead Researcher

  Ph.D., docent  

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Teymur. Nagibeyli

Ph.D. student of the Agricultural Economics Research Center

   

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Israfil. Ismayilov

Member of the Russian Academy of Natural Sciences

  Prof. Dr.  

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Ayaz. Museyibov

Center for Analysis of Economic Reforms and Communication

   

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Gulnara. Jafarova

Agricultural Economics Research Center, leading specialist

  Doctor of Philosophy in Economics  

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Gabil. Kazimov

Research Institute of Crop Husbandry

   

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Fariz. Suleymanov

Ph.D. student of the Azerbaijan State Agrarian University

   

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Ismayil. Kheyirkhabarov

Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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. Hikmat

Ph.D. in agrarian sciences, docent H.N. Nasibov

   

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Isak. Hasanov

Head of Shamkir Support Point

   

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Okiemua. Okoror

Department of Economics, University of Benin, Nigeria | Department of Economics, University of Reading, UK

   

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Alizamin. Guliyev

Azerbaijan Technical University, Ph.D.

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Mehman. Rzayev

Azerbaijan RPA Hydrotechnics and Melioration

  doctor of agrarian sciences  

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Nargiz. Hasanova

Azerbaijan State Agrarian University