Preferences for crop insurance when farmers are diversified

Steven Blank () and Jeffrey McDonald

No 291738, WAEA/ WFEA Conference Archive (1929-1995) from Western Agricultural Economics Association

Abstract: The government intends to rely on an insurance-based solution to yield risk, therefore, it is important to identify which characteristics most effect a grower's decision regarding whether or not to use crop insurance. This case study uses California cross sectional survey data to directly compare the relative effects of three types of characteristics which are expected to influence insurance preferences. In general, results from the model estimated indicate that preferences for crop insurance are a function of both the commodities produced and the risk environment faced by individual growers.

Keywords: Crop Production/Industries; Agricultural and Food Policy (search for similar items in EconPapers)
Pages: 26
Date: 1995-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaar:291738

DOI: 10.22004/ag.econ.291738

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