Beef Producer Preferences and Purchase Decisions for Livestock Price Insurance
نویسندگان
چکیده
Personal interviews were conducted with beef cattle producers in Louisiana to determine their preferences and purchase decisions for livestock price 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.
منابع مشابه
The Purchase Pattern of Poor for Fast Moving Consumer Goods: An Empirical Study of Poor in India
Despite possessing the adequate purchase potential for the fast moving consumer goods (FMCGs), the poor are not reckoned as a viable market by the FMCG marketers and as a result, the purchase preferences of poor are largely unexplored for the concerned products. The present paper bridges the gap subsisting in the pertinent literature by exploring the purchase behavior of poor consumers in the r...
متن کاملUsing Prospect Theory to Explain Anomalous Crop Insurance Coverage Choice
Farmers’ decisions about how much crop insurance to buy are not generally consistent with either expected profit or utility maximization. They do not pick coverage levels that maximize expected subsidy nor do they demand full insurance coverage. In addition, the absolute size ...
متن کاملJennifer Sills Switch to Corn Promotes Amazon Deforestation
THE UNITED STATES IS THE WORLD'S LEADING PRODUCER OF SOY. HOWEVER, MANY U.S. FARMERS are shining from soy to corn (maize) in order to qualify for generous government subsidies intended to promote biofliel production (7); since 2006, U.S. corn production has risen 19% while soy production has fallen by 15% (2). This in turn is helping to drive a major increase in global soy prices (5), which hav...
متن کاملBeef’s Great Taste – Importance of Beef Flavor
Great taste is the primary reason consumers frequently make beef their food of choice for a pleasurable dining experience. Research conducted to examine consumers’ preferences for various protein sources (beef, chicken, fish, pork, shellfish) has shown that a pleasurable eating experience is the number-one driver of protein preference, whether dining at home or in a restaurant (NCBA, 2006). In ...
متن کاملEssays on Extended Service Contracts
Extended service contracts have been the major profit generator for many consumer electronics retailers as they contribute to half of the retailers' profit. My dissertation studies how consumers make purchase decisions of extended service contracts and how the ESC purchase decisions are related to the product purchase decisions. Essay 1: " Why Do Consumers Buy Extended Service Contracts? " The ...
متن کامل