Assessing the Impact of Production Risk-Management Strategies on Crop Productivity: Exploring the Mediating Role of Agricultural Technology Adoption
1Mr. Dexter Senanu Kofi Hewlett, 2Prof. Kojo A. Essel-Mensah, 3Sharon Donnir, 4Daniel Nii Okaijah Welbeck, 5Zuzie Suglo Rakibu
1Department of Banking and Finance, University of Professional Studies, Accra, Ghana
2Department of Mathematical Statistics and Actuarial science, University of the Free State, South Africa,
3Department of Accounting, University of Professional Studies, Accra, Ghana
4Business Administration Department, University of Professional Studies, Accra, Ghana
5Ghana Revenue Authority
https://doi.org/10.47191/jefms/v8-i3-46
ABSTRACT:
This study examines the relationship between production risk management strategies (PRMS), agricultural technology adaptation (ATA), and crop production (CP) in Ghana, emphasising the mediating function of ATA. This study aimed to analyse the influence of PRMS and ATA on CP, providing insights for improving agricultural productivity in the context of rising risks. A quantitative research design was utilised to collect primary data via structured surveys of key stakeholders in the agricultural sector. Structural Equation Modelling (SEM) was employed to examine the proposed relationships among the variables. The results indicated that PRMS had a positive and significant effect on both CP and ATA, with ATA directly and significantly influencing CP. In addition, ATA serves as a partial mediator in the relationship between PRMS and CP, highlighting its essential function in converting effective risk management strategies into improved productivity. This research highlights the significant potential of incorporating ATA into agricultural practices to enhance the effectiveness of risk management strategies. Policy implications indicate the need for focused investments in risk management infrastructure and technology dissemination initiatives. Practical applications include the promotion of farmer-centred training initiatives and the development of region-specific technological solutions to tackle agricultural challenges. Policymakers and stakeholders should prioritise the diffusion of innovation and adoption of sustainable practices to enhance resilience within the agricultural sector. This study enhances theoretical models by identifying the ATA as a key intermediary in agricultural resilience frameworks, offering practical insights for enhancing productivity and sustainability.
KEYWORDS:
Production Risk Management, Agricultural Technology Adaptation, Crop Production, Resilience, Sustainability
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