Risk attitudes and innovation in Dutch arable farming

Abstract On-farm innovations have the potential to increase both agricultural productivity and income while mitigating environmental impacts. However, as adopting innovations can lead to risks, it is important to understand the role of farmers’ risk attitudes. We quantified Dutch arable farmers’ risk attitudes based on the cumulative prospect theory (CPT) and used the benefit of the doubt approach to obtain an innovation index based on expert elicitations and adopted innovations. Subsequently, we used a fractional response model to test our pre-registered hypothesis and investigate the associa... Mehr ...