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Adoption of crop versus revenue insurance: a farm‐level analysis

Agricultural Finance Review

ISSN: 0002-1466

Article publication date: 1 November 2003

484

Abstract

This research examines factors influencing the adoption of crop and revenue insurance. This is accomplished by estimating a multinomial logit model of insurance choices facing U.S. farmers. Results indicate significant differences in the probabilities of adoption of each insurance plan. The levels of selected explanatory variables, such as operator’s education level, debt‐to‐asset ratio, off‐farm income, soil productivity, participation in production and marketing contracts, and type of farm ownership, appear to be the determinants of the probability of having adopted each insurance plan.

Keywords

Citation

Mishra, A.K. and Goodwin, B.K. (2003), "Adoption of crop versus revenue insurance: a farm‐level analysis", Agricultural Finance Review, Vol. 63 No. 2, pp. 143-155. https://doi.org/10.1108/00215050380001146

Publisher

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MCB UP Ltd

Copyright © 2003, MCB UP Limited

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