Case study analysis on household attitudes towards weather index crop insurance in rural China

Jing Zhang, Colin Brown and Scott Waldron

No 258683, 2017 Conference (61st), February 7-10, 2017, Brisbane, Australia from Australian Agricultural and Resource Economics Society

Abstract: The paper extends on the literature assessing China’s current “policy-oriented” agricultural insurance crop system to understand and to investigate the factors influencing the relative merits and potential demand for weather index crop insurance as a means for individual farmers in rural China to cope with weather-related production risks. Using the case of Huojia County in Henan Province, an empirical analysis is conducted of information collected from households’ survey and interviews with local village leaders. The key finding is that there is a significant potential demand for weather index crop insurance product as households seek time-efficient risk management strategies although this demand is influenced by generally poor awareness of insurance, small areas, and relatively low profitability of crop production.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 26
Date: 2017-02-07
New Economics Papers: this item is included in nep-agr, nep-cna, nep-env, nep-ias and nep-mfd
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare17:258683

DOI: 10.22004/ag.econ.258683

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