Open AccessPredicting grower choices in a regulated environment
Author(s) -
Juan Sebastián Castillo Valero,
Mercedes Sánchez,
María Carmen García-Cortijo
Publication year - 2017
Publication title -
the international food and agribusiness management review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.474
H-Index - 35
eISSN - 1559-2448
pISSN - 1096-7508
DOI - 10.22434/ifamr2014.0099
Subject(s) - multinomial logistic regression , status quo , sample (material) , multinomial probit , economics , agricultural policy , public economics , public good , process (computing) , action (physics) , risk aversion (psychology) , food security , face (sociological concept) , marketing , business , agriculture , microeconomics , expected utility hypothesis , computer science , geography , sociology , financial economics , social science , archaeology , operating system , chromatography , machine learning , market economy , quantum mechanics , physics , chemistry
The analysis of farmers’ decision making process in the framework of agricultural policy is particularly complex as they take action within a structure of interacting opportunities, preferences, benefits and social factors which ultimately account for their behavior. This paper will study viticulturists’ behaviour vis-à-vis this scenario. Their decisions in the face of different possible alternatives are analysed using a multinomial logit model and a sample of 74,502 plots in Castilla-La Mancha (Spain). The conclusion is that viticulturists from this region are more prone to maintaining the status quo in their plots due to the current public support security issues, uncertain scenarios and their natural risk aversion.
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