We investigate the relations among risk attitudes, farmers’ knowledge, management ability and agricultural productivity. The results indicate that most of the farmers have limited knowledge in agricultural production while being risk averse in general. Farmers rely their decisions on their subjective experience or self-assessment rather than on scientific evidence. The farmers have stronger technical knowledge and decision-making ability in livestock production than that in crop production. Furthermore, the stronger willing to take risks associates with knowledge in livestock but not that in crop production and with technical knowledge and decision-making ability but not to their agricultural performance significantly.