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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

23745 ­ ­ AZ ­ ­ 40. August 2022 ­ ­­ ­ Lankaran lemon producer risk risk propensity analysis of risk factors

 

UOT: 338.43, 332.1:633/635

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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Sevil. Maharramova

PhD student of the Scientific Research Institute of Agromechanics

   

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent  

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Saadat. Hajiyeva

Agricultural Economics Research Center, Deputy director

   

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Rovshan. Guliyev

Azerbaijan State Economic University (UNEC)

  prof, dr  

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Firdovsi. Fikratzade

Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics  

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Jalal. Safarov

Ph.D. student of the Agricultural Research Center

   

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Elay. Zeynalli

Azerbaijan State Agrarian University

   

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Akif. Aghbabali

Baku State University

   

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Jubril. Animashaun

Department of Economics, The University of Manchester, UK / Department of Agricultural Economics, University of Ilorin, Nigeria

   

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Isak. Hasanov

Head of Shamkir Support Point

   

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Mehman. Rzayev

Azerbaijan RPA Hydrotechnics and Melioration

  doctor of agrarian sciences  

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Teymur. Nagibeyli

Ph.D. student of the Agricultural Economics Research Center

   

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Alizamin. Guliyev

Azerbaijan Technical University, Ph.D.