Table 1

Variable . | Definition . |
---|---|

Net revenue | Total revenue minus total farm expenditure (in rands) |

Gender | Dummy = 1 if farmer is a male, 0 otherwise |

Education | Level of education attained by the farmer (dummy = 1 if farmer had formal education, 0 otherwise) |

Age | Farmer's age (years) |

Farming experience | Number of years spent in farming |

Farm size | Cultivated size of farm (hectares) |

Irrigated farm area | Share of farm land under irrigation (hectares) |

Labour | Number of farm workers employed on the farm |

Production expenditure | Total amount spent on farm inputs (seeds and fertilisers) for observed crop (in rands) |

Quantity of output | Quantity of output (in rands) |

Insurance | Dummy = 1 if farmer bought insurance, 0 otherwise |

Access to formal institution credit | Dummy = 1 if farmer had access to formal institution credit, 0 otherwise |

Farm organisation membership | Dummy = 1 if farmer is a member of a farm organisation, 0 otherwise |

Rainfall | Average rainfall (mm) for 30 year period |

Minimum air temperature | Average minimum temperature (°C) for 30 year period |

Maximum air temperature | Average maximum temperature (°C) for 30 year period |

Variable . | Definition . |
---|---|

Net revenue | Total revenue minus total farm expenditure (in rands) |

Gender | Dummy = 1 if farmer is a male, 0 otherwise |

Education | Level of education attained by the farmer (dummy = 1 if farmer had formal education, 0 otherwise) |

Age | Farmer's age (years) |

Farming experience | Number of years spent in farming |

Farm size | Cultivated size of farm (hectares) |

Irrigated farm area | Share of farm land under irrigation (hectares) |

Labour | Number of farm workers employed on the farm |

Production expenditure | Total amount spent on farm inputs (seeds and fertilisers) for observed crop (in rands) |

Quantity of output | Quantity of output (in rands) |

Insurance | Dummy = 1 if farmer bought insurance, 0 otherwise |

Access to formal institution credit | Dummy = 1 if farmer had access to formal institution credit, 0 otherwise |

Farm organisation membership | Dummy = 1 if farmer is a member of a farm organisation, 0 otherwise |

Rainfall | Average rainfall (mm) for 30 year period |

Minimum air temperature | Average minimum temperature (°C) for 30 year period |

Maximum air temperature | Average maximum temperature (°C) for 30 year period |

*Source:*South Africa Weather Services (2015).

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