Dataset on farmers' perception of commodity futures market

S Srinivasan; M Babu; P S Shabi Shimny; C Hariharan; J Gayathri; G Indhumathi

doi:10.1016/j.dib.2022.108429

Dataset on farmers' perception of commodity futures market

Data Brief. 2022 Jun 30:43:108429. doi: 10.1016/j.dib.2022.108429. eCollection 2022 Aug.

Authors

S Srinivasan¹, M Babu², P S Shabi Shimny³, C Hariharan⁴, J Gayathri⁵, G Indhumathi⁶

Affiliations

¹ Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education and Research, Chennai, Tamil Nadu, India.
² Bharathidasan School of Management, Bharathidasan University, Tiruchirappalli, TamilNadu, India.
³ Gulf Centre for University Education (IGNOU), Shuwaikh 70455, Kuwait.
⁴ Department of Management Studies, Nehru Institute of Technology, Coimbatore, Tamil Nadu, India.
⁵ Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, TamilNadu, India.
⁶ Department of Commerce, Mother Teresa Women's University, Kodaikanal, India.

Abstract

The commodity futures market plays a major role in reducing the price risk for the participants. Unfortunately, the farmers' participation in the futures market particularly from the Tamil Nadu region is very less. A survey was conducted using the interview method to identify the information sources used by farmers for taking pricing decisions, the awareness and perception of farmers towards the futures market, and its effect on preferred marketing alternatives. The data cleaning process was done using content validity, confirmatory factor analysis, and reliability test using Cronbach's alpha, and the assumptions of normality and multicollinearity were examined. The data will be of potential use to researchers who wish to explore farmers' behavior towards hedging in the commodity futures market.

Keywords: Data cleaning; Interview; Price risk hedging.