Income elasticity of demand for agricultural insurance in Poland in 2006–2020

Knowledge of income elasticity demand for individual products is necessary to forecast the volume and structure demand. The purpose ofthis article estimate different types agricultural insurance in Poland indicate consequences future this insurance. According results ofthe analysis carried out years 2000–2020, premium from crop greatest extent – compared other depends on both GDP disposable (per farmer’s household or per person household). Income respectively 3.05 relation compulsory 2.07 voluntary indicates that these kinds should be classified as superior goods. Other liability (income 0.78) buildings (0.65) are normal This means with an increase income, ceteris paribus, share farmers’ expenditure budget allocated by them purchase will increase.