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September 10, 2025African Journal of Empirical Research

Risk perception and risk coping strategies for typical and entrepreneurial dairy farms in Narok-Bomet and Nyandarua counties, Kenya

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Authors

EWElizabeth Otunga Wasike BBBockline Omedo Bebe JLJan van der Lee

Discussion

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Overview

Survey reveals differences in risk perception and coping strategies between typical and entrepreneurial dairy farms in Narok-Bomet and Nyandarua counties.

Key Points

Both typical and entrepreneurial dairy farmers identified market price volatility as the greatest risk, reflecting the significant impact on their operations.
Data from a cross-sectional survey of 120 farmers showed differing coping strategies, with entrepreneurial farms employing advanced technologies and innovative methods.
The study utilized stratified sampling and Principal Component Analysis to analyze how different farm types perceive and cope with risks.
Findings highlight the need for targeted support for typical farms that rely on basic strategies compared to their entrepreneurial counterparts.

Cite This Study

Wasike et al. (2025) studied this question.

synapsesocial.com/papers/68c1b19954b1d3bfb60e8f44 https://doi.org/10.51867/ajernet.6.3.29

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September 10, 2025African Journal of Empirical Research

Risk perception and risk coping strategies for typical and entrepreneurial dairy farms in Narok-Bomet and Nyandarua counties, Kenya

View Full Paper

Ask AI

Bookmark

Authors

EWElizabeth Otunga Wasike BBBockline Omedo Bebe JLJan van der Lee

Discussion

Member takes

Overview

Survey reveals differences in risk perception and coping strategies between typical and entrepreneurial dairy farms in Narok-Bomet and Nyandarua counties.

Key Points

Both typical and entrepreneurial dairy farmers identified market price volatility as the greatest risk, reflecting the significant impact on their operations.
Data from a cross-sectional survey of 120 farmers showed differing coping strategies, with entrepreneurial farms employing advanced technologies and innovative methods.
The study utilized stratified sampling and Principal Component Analysis to analyze how different farm types perceive and cope with risks.
Findings highlight the need for targeted support for typical farms that rely on basic strategies compared to their entrepreneurial counterparts.

Cite This Study

Wasike et al. (2025) studied this question.

synapsesocial.com/papers/68c1b19954b1d3bfb60e8f44 https://doi.org/10.51867/ajernet.6.3.29

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