Determination of wheat growers\' attitude towards risk A case study of Golestan province farmers

Document Type : Original Article

Abstract

  In this study the attitude of wheat growers towards risk and their loss management approaches in case of facing with a probable disaster were studied. For this purpose, the expected utility theory and direct elicitation of utility function approach were used. Data were gathered from a sample of 126 wheat growers in Golestan province through direct interview. The results of the study showed that 88 percent of the sample farmers indicated risk aversion attitude and they were in the range of medium of risk aversion. Furthermore, in case of being faced with a disaster and loss of crop, they would use loan and credit as a main tool for financing and managing the situation.