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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

19300 ­ ­ 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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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Okiemua. Okoror

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

   

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Natig. Mirzayev

Lankaran State University

   

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Samir. Agayev

Ph.D. student of 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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Emilya. Shukurova

диссертант Бакинского государственного университета

   

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Islam. Ibrahimov

Baku Business University

  prof, dr  

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Yunus. Sadigov

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

  Ph.D., docent  

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Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

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Fariz. Suleymanov

Ph.D. student of the Azerbaijan State Agrarian University

   

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Nneka. Osadolor

Department of Economics, University of Benin, Nigeria Department of Economics, University of Ibadan, Nigeria

   

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Konul. Mamedova

Ph.D. student of the Agricultural Economics Research Center

   

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Saadat. Guliyeva

Azerbaijan Academy of Labor and Social Relations

  Doctor of Philosophy in Economics