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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

33433 ­ ­ 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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Firdovsi. Fikratzade

Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics  

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Ali. Zingirov

Azerbaijan State Agrarian University

  Исполняющий обязанности доцента, доктор философии по технике  

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Leyla. Hajiyeva

Ph.D. student of the Agricultural Economics Research Center

   

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Mehman. Rzayev

Azerbaijan RPA Hydrotechnics and Melioration

  doctor of agrarian sciences  

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Saadat. Guliyeva

Azerbaijan Academy of Labor and Social Relations

  Doctor of Philosophy in Economics  

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent  

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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Tamraz. Tamrazov

Vegetable Research Institute

   

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Arzu. Huseyn

Azerbaijan Tourism and Management University

  Ph.D., docent  

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Farman. Karimov

Research Institute of Plant Protection and Technical Plants

   

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Mushfiga. Mammadova

Agricultural Economics Research Center

  Ph.D., docent  

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Fariz. Suleymanov

Ph.D. student of the Azerbaijan State Agrarian University

   

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Vahid. Abbasov

Head of the Department of Economics, Baku State University

  prof, dr  

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Alizamin. Guliyev

Ph.D. candidate of the Azerbaijan Technical University

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Ayhan. Satıcı

Azerbaijan State University of Economics, PhD student