Analysis of factors affecting farmers’ willingness to participate in hog futures trading — Empirical research based on oprobit model

摘要

The first listing of hog futures provides farmers with new means of risk prevention, value preservation and income increase, but the factors affecting their willingness to participate in hog futures are worthy of in-depth analysis. Based on survey data in Sichuan Province, this paper uses the oprobit model to analyze the factors affecting farmers’ willingness to participate in hog futures. We finally find that education level, breeding cooperation, price stability, information channels, risk aversion, and futures training can significantly improve farmers’ willingness to participate in hog futures. On the contrary, income will significantly reduce farmers’ willingness to participate in hog futures. To the end, this paper puts forward relevant suggestions to help promote the implementation of hog futures.