Dataset on Farmer Risk Preferences in Europe

Abstract

The here presented dataset presents data obtained in a systematic review of the research on farmer risk preference measurement across Europe published in the following article: Iyer, P. Bozzola, M.*, Hirsch, S., Meraner, M. and Finger, R. (2020). Measuring Farmer Risk Preferences in Europe: A Systematic Review. Journal of Agricultural Economics 71(1): 3-26 doi: 10.1111/1477-9552.12325 Our comprehensive review of the literature produces a unique compilation of 51 articles focusing on the measurement of farmer risk preferences in Europe. We not only document the characteristics and findings of each article but also categorize the identified articles by the method used to measure risk preferences. A particular focus was on risk preference measurement methods. The different methods employed include, for example, econometric estimates based on secondary farm level data, techniques based on self‐reports on multi‐item scales and methods based on lottery‐choice tasks. As a result, there is a large literature analyzing risk preferences of European farmers with substantial heterogeneity in results across methods, space, time and farm types. We focus on this heterogeneity in the levels of risk preference rather than on the impact of risk on behavior, e.g. on production, risk management or technology adoption decisions.