Dataset on farmers’ perception of commodity futures market

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.