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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

32877 ­ ­ 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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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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Talib. Huseynov

PhD student of the Agricultural Economics Research Center

   

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Rashad. Huseynov

Agricultural Research Center, director

  Doctor of Philosophy in Economics  

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Anar. Bayramov

Ph.D. student of the Agricultural Research Center

   

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Samir. Agayev

Ph.D. student of Azerbaijan State Economic University (UNEC)

   

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Anar. Azimov

Azerbaijan Food Safety Agency, Head of the International Relations Department

   

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Anar. Malikov

PhD candidate, Azerbaijan Cooperation University

  Phd student  

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Maarif. Yusiphov

Vegetable Research Institute

   

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Elnur. Alakbarov

Dissertant of the Agricultural Economics Research Center

   

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Saadat. Hajiyeva

Agricultural Economics Research Center, Deputy director

  Doctor of Philosophy in Economics  

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent