This paper investigates whether Burkinabe maize farmers’ fertiliser-use decisions are correlated with their risk and time preferences. We conducted a survey and a series of hypothetical experiments on a sample of 1500 farmers. We find that more patient farmers do use more fertiliser, but it is only because they plant more maize (a fertiliser-intensive crop) rather than because they use more fertiliser per hectare of maize planted. Conversely, we find no statistically significant link between risk aversion and fertiliser use. We use a simple twoperiod model, which suggests that risk aversion may indeed have an ambiguous effect on fertiliser use
Linking risk aversion, time preference and fertiliser use in Burkina Faso
31 July 2017