Determining risk sources and strategies among farmers of contrasting risk awareness: A case study for Cukurova region of Turkey

In this paper, the results of a survey conducted in the Cukurova region of Turkey are presented. The aim of this research is to identify groups of farmers who differ in their risk sources and risk management strategies. The respondents to the survey were divided into three risk attitude groups, risk averse, risk seeking and risk neutral. Factor analysis has been conducted on information obtained from 112 farmers in 2000. From the findings of the research, risk sources were labelled as environmental, price, catastrophe, input costs, production and technological, political, finance, personal, marketing, health and social security. The dimensions of risk strategies were named as diversification, off-farm income, marketing, planning, financing and security.