The demand for public-private crop insurance and government disaster relief
Petri Liesivaara and
No 261178, 2017 International Congress, August 28-September 1, 2017, Parma, Italy from European Association of Agricultural Economists
Insurance premium subsidies and disaster relief payments are government actions that can help to smooth farmers’ incomes between years. In the EU crop insurance based on public-private partnership is promoted. We present an analysis based on farmers’ stated preferences with split data approach of crop insurance and disaster relief provided by the government. Results reveal that farmers’ willingness to pay for crop insurance is conditional on the prospect for government disaster relief.
Keywords: Agricultural Finance; Risk and Uncertainty (search for similar items in EconPapers)
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