—This research presents a framework to analyze vulnerability to poverty of farm household in Northeastern of Thailand. Specific random samplings of 415 households are divided into 23 districts in Buri Ram province. The vulnerability to poverty analysis is done by feasible generalized least squares method. The rural headcount ratio in terms of household expected consumption less than poverty line is relatively high at 65.8%. There are two groups of households, which are, high and low vulnerable households. The comparison of observed poverty status based on vulnerability index present that 75.2% of farm households are poor, whereas another 24.8% are non-poor.
—Farm Household, Livelihood Strategies, Risk Management, Vulnerability to poverty.
Thitiwan Sricharoen is with the Department of Economics, Faculty of Management Science, Khon Kaen University, Thailand, 40000 (e-mail: email@example.com).
Cite:Thitiwan Sricharoen, "A Quantitative Assessment on Vulnerability to Poverty and Risk Management of Rural Farm Household in Northeastern of Thailand," International Journal of Trade, Economics and Finance vol.2, no.4, pp. 331-340, 2011.