Article · International Journal of Business Information Systems · January 1, 2025
Searching for a risk-efficient production structure on crop-livestock farms
Gulnara Mussina, Talgat Kussaiynov, Maulet KADRINOV, Gulmira Sarsembayeva, Bakhyt ASSILOV
Abstract
This article examines the combined influence of entrepreneurs' attitudes toward risk and subsidies on the choice of production structure in agriculture on farms in the steppe zone of Kazakhstan.Data from farm survey for the period from 2020 to 2024 were used to construct a programming model effective in terms of utility.The hypothesis was that subsidy has a significant impact on farmer's attitude towards risky decisions and choice of enterprise mix.Developing just a few sectors on farms appears to be sufficient to significantly reduce the economic risk.The obtained results tend to confirm this view.Crop production in the region is found to have a relative economic advantage over livestock production.Under current market conditions, the successful development of beef and dairy cattle breeding in the region is only possible thanks to government subsidies.
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