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英文文献：Selected paper presented at the 63rd AARES Annual Conference at Melbourne, Vic from 12-15 February 2019 This paper has been independently reviewed and is published by The Australasian Agricultural and Resource Economics Society Ltd on the AgEcon Search website at http://ageconsearch.umn.edu/ University of Minnesota, 1994 Buford Ave St. Paul MN 55108-6040, USA Published 2018 Risk attitude and discount rate: crucial factors for planting oil palms by smallholders?
英文文献作者：Sarwosri, Arieska
英文文献摘要：
Even though oil palm is not a native cash crop in Indonesia, the cultivation of oil palm is rapidly developed by smallholder farmers. This study examines if the adoption of oil palm is reasoned in underlying economic preferences. We utilized an incentivized field experiment to elicit smallholders’ risk attitude and discount rate and estimated both preferences jointly. The field experiments included 636 smallholders from Sumatra Island, Indonesia. We compared the risk attitude and discount rate of the oil palm adopters to non-adopters, i.e., rubber smallholders which is the main alternative cash crop of oil palm. We found that adopters are more risk-averse compared to non-adopters. Furthermore, the finding also confirms that risk-averse farmers diversify cultivated crops to mitigate income risks from agriculture. However, we do not find statistically significant differences in the discount rates between the two groups.
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