Factors Influencing Farmers' Crop Insurance Decisions

@inproceedings{Sherrick2004FactorsIF,
  title={Factors Influencing Farmers' Crop Insurance Decisions},
  author={Bruce J. Sherrick and Peter James Barry and Paul N. Ellinger and Gary D. Schnitkey},
  year={2004}
}
Farmers' decisions to purchase crop insurance and their choices among alternative products are analyzed using a two-stage estimation procedure. The influences of risk perceptions, competing risk management options, as well structural and demographic differences are evaluated. The likelihood for crop insurance usage is found to be higher for larger, older, less tenured, more highly leveraged farms, and by those with higher perceived yield risks. The marginal effects of size, age, perceived yield… CONTINUE READING

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