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Data on German farmers risk preference, perception and management strategies
Manuela Meraner1,2, Robert Finger1
1Agricultural Economics and Policy Group, ETH Zurich, Zurich, Switzerland.
Data in Brief
|October 5, 2017
Summary
Understanding farmer risk preferences and perceptions is crucial for agricultural behavior. This study surveyed 64 German farmers on risk attitudes, perceptions, and farm characteristics to inform risk management strategies.
Area of Science:
- Agricultural Economics
- Behavioral Economics
- Risk Analysis
Background:
- Agricultural production is inherently risky, influencing farmer decision-making.
- Understanding farmer risk preferences and perceptions is key to explaining their behavior.
Purpose of the Study:
- To analyze risk preferences and perceptions among German farmers.
- To investigate the relationship between risk attitudes, farm characteristics, and personal farmer traits.
Main Methods:
- Data collected from 64 German farmers in 2015.
- Employed three risk preference elicitation methods: multiple price list, business statements, and self-assessment.
- Assessed subjective risk perception, farm business characteristics, and personal farmer characteristics.
Main Results:
- Detailed analysis of risk preferences and perceptions is presented.
- Farm and personal characteristics were collected for comprehensive analysis.
Conclusions:
- Findings provide insights into the risk behavior of German farmers.
- The study contributes to a better understanding of risk management in agriculture.
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