Title: Economic risk management of sugarcane farmer' households in the Northeastern, Thailand

Authors: Wanichcha Narongchai; Piyada Naewprasert

Addresses: Faculty of Humanities and Social Sciences, Department of Social Sciences, Khon Kaen University, 40002, Thailand ' Faculty of Humanities and Social Sciences, Department of Social Sciences, Khon Kaen University, 40002, Thailand

Abstract: This paper examines the level of economic risk management and factor influencing of sugarcane farmers' households in the Northeast, Thailand. The sample consisted of 384 sugarcane farmers' households from Chaiyaphum, Khon Kaen, Nakhon Ratchasima, Udon Thani and Nongbua Lamphu. The finding revealed that sugarcane farmers' households were at a relatively low and low level of the economic risk management (46.9%). Sugarcane cultivation area, production costs per hectare, the experience in sugarcane production, awareness of sugarcane production policy, and the highest years of education of the household members were significantly important factors for the economic risk management of sugarcane farmers' household.

Keywords: economic risk management; sugarcane farming; sugarcane farmers' households; household economics; sugarcane production.

DOI: 10.1504/IJMEF.2025.148104

International Journal of Monetary Economics and Finance, 2025 Vol.18 No.2/3, pp.156 - 164

Received: 18 Aug 2023
Accepted: 30 Oct 2024
Published online: 25 Aug 2025 *

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