Abstract: This study estimates male-female differences in agricultural productivity of small-holder farmers and evaluates these on the basis of differences in inputs used and outputs generated, socio economic and farm specific factors as a result of the intrinsic male-female differences in risk attitudes. It is hypothesized that risk aversion compliments the conventional socio-economic and farm specific factors affecting small-holder farmers efficiency level. A multistage-stratified random sample of 100 (50 each) of male and female respondents was adopted and the (input-output, socioeconomic and risk) variables used in estimating a stochastic frontier production function and a safety first model of risk aversion. Results show that there are marked differences in the efficiency levels of the overall male-female farmers and also in those of the male-female farmers for the three categories of the identified low, medium and high risk averse farmers. The male respondents tend to be less efficient (more inefficient) than their female counterparts. The benchmark findings from the study show that risk aversion plays a major and effective role on the technical efficiencies of the sampled farmers. This type of research is important because individual farmers can be identified along their risk attitudes and technical efficiency levels. This will in turn enable specific agricultural and development policies to be targeted at these different groups of farmers.