Table 6 Description of farmers’ characteristics based on their risk attitudes and adoption status
| Â | Adoption status | Â | Â | Attitudes towards risk | Â | Â | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|  | Below average adopters (n = 124) | Above average adopters (n = 251) | Test of equality of means | Risk-averse farmers | Non-risk averse farmers | Test of equality of means | ||||||
Continuous variables | Mean | Std. Dev | Mean | Std. Dev | t value | p value | Mean | Std. Dev | Mean | Std. Dev | t value | p value |
Age (years) | 44.8 | 10.3 | 43.7 | 9.1 | 1.0 | 0.30 | 43.6 | 9.2 | 45.1 | 12.6 | 0.5 | 0.60 |
Household size | 5.8 | 2.5 | 5.97 | 2.8 | 0.6 | 0.58 | 5.8 | 2.5 | 6.5 | 1.7 | 0.8 | 0.41 |
Years of experience | 7.98 | 3.3 | 7.8 | 3.5 | 0.41 | 0.68 | 7.9 | 3.2 | 10.6 | 4.2 | 1.9 | 0.05 |
Years of formal education | 8.4 | 4.4 | 7.9 | 4.5 | 1.0 | 0.29 | 8.2 | 4.5 | 7.2 | 4.1 | 1.3 | 0.19 |
Frequency of access to extension service | 4.5 | 2.0 | 5.2 | 2.5 | 2.6 | 0.01 | 5.1 | 2.4 | 4.8 | 2.3 | 4.1 | 0.00 |
Revenue from sale of farm output (GHS) | 5159 | 3574 | 6719 | 5139 | 3.4 | 0.00 | 9888.13 | 5965.41 | 6110.91 | 4683.29 | 2.2 | 0.03 |
Categorical variables | Freq. | Percent | Freq. | Percent | Chi-square | Asymp. sign | Freq. | Percent | Freq. | Percent | Chi-square | Asymp. sign |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sex Male Female | 42 | 28.4 | 102 | 33.8 | 1.2 | 0.27 | 214 | 63.3 | 45 | 40.2 | 1.3 | 0.25 |
106 | 71.6 | 200 | 66.2 | 124 | 36.7 | 67 | 59.8 | |||||
Membership Yes to association No | 134 | 90.5 | 255 | 84.4 | 2.4 | 0.12 | 299 | 88.5 | 89 | 79.5 | 5.1 | 0.02 |
14 | 9.5 | 47 | 15.6 | 39 | 11.5 | 23 | 20.5 | |||||
Credit access Yes No | 131 | 88.5 | 264 | 87.4 | 0.2 | 0.69 | 300 | 88.8 | 94 | 83.9 | 4.6 | 0.03 |
17 | 11.5 | 38 | 12.6 | 33 | 11.2 | 18 | 16.1 |