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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

21548 ­ ­ 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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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Elbrus. Akbarov

Azerbaijan State University of Economics (UNEC), senior lecturer

   

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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. Hikmat

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

   

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Jalal. Safarov

Ph.D. student of the Agricultural Research Center

   

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Фамиль. Рустамов

Institute of Economics of the Ministry of Science and Education, "Economic problems of the agricultural sector" department

  Ph.D., docent  

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Huseynaga. Asadov

Ministry of Science and Education of the Republic of Azerbaijan, Institute of Dendrology

  Ph.D., ass, pr  

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Turan. Hajiyeva

Specialist of the Agricultural Research Center

   

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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Parviz. Aliyev

Chief of department, Agricultural Research Center
Ph.D. student of the Agricultural Research Center

   

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Khaliq. Ghafarli

Ph.D. student of the Agricultural Research Center

   

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Javid. Hasanov

Senior specialist, Agricultural Research Center Ph.D. student of the Agricultural Research Center

   

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Hagar. Namazova

Ph.D. candidate of the Azerbaijan State Economic University (UNEC)

   

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Nijat. Muradov

Ph.D. student of the Institute of Economics, Ministry of Science and Education of the Republic of Azerbaijan

   

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Aygun. Huseynova

Baku State University

   

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Abdulrahim. Dadashov

Ph.D. candidate of UNEC, Agricultural Economics Research Center