BEEF PRODUCER PREFERENCES AND PURCHASE DECISIONS FOR LIVESTOCK REVENUE INSURANCE PRODUCTS

Deacue Fields and Jeffrey Gillespie

No 35089, 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: Personal interviews were conducted with 52 beef cattle producers in Louisiana to determine their preferences and purchase decisions for livestock revenue insurance. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. The characteristics of producers who prefer given attributes were also identified. Producers rated products given four economic situations to evaluate. A two-limit tobit model was used to estimate the part worth utility values for each attribute. Univariate probit models were estimated to evaluate the influence of producer characteristics on purchase decisions.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 20
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeatm:35089

DOI: 10.22004/ag.econ.35089

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