@article{Olarinde:96821,
      recid = {96821},
      author = {Olarinde, Luke O. and Manyong, Victor M. and Akintola,  J.O.},
      title = {Economic Perspectives of the Diversity of Risks among Crop  Farmers in the Northern Guinea Savanna of Nigeria},
      address = {2010-09},
      number = {308-2016-4972},
      pages = {14},
      year = {2010},
      abstract = {In this paper, we examine the diversity of risks that  affect farming in the Northern Guinea
Savanna of Nigeria.  We also investigate the perspectives of these risks in  relation to their economic
implications on the farming  enterprises. We also show that through reorganization of  these risks, some
derived factors have the ability to  present themselves whether as corresponding to existing  categorization
of the variables or not and also to enable  us know which of the factors is more important than the  other.
Gross margin and factor analytical methods were used  in computing the estimated results on a cross
sectional  sample of 348 farming households. Results show that farmers  who were grouped under natural
risk incurred the least mean  production cost of N11, 115.61, while the highest mean  production cost of N
15,998.18 was incurred by farmers  grouped under production risks. The highest mean revenue of  N18,
998.16 was recorded by farmers under production risk  which translated into a mean gross margin of
N65, 999.85.  Verifying whether some derived factors would correspond to  the existing categorization of
14 risk types (from 5  sources) which the farmers faced, results from the factor  analysis and the
consequent F-tests from ANOVA show no  marked or significant differences among the identified  factors
and the existing risk sources. Consequently, the  individual effect or importance of the original 14  risk
types that the sampled farmers considered important  can be dully represented and effectively regrouped
into  five sources (factors) as natural, technical, social,  ecosocial and biochemical.},
      url = {http://ageconsearch.umn.edu/record/96821},
      doi = {https://doi.org/10.22004/ag.econ.96821},
}