determinants of farmers' willingness to re-purchase crop insurance
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abstract
crop insurance is a main tool for coping up with different adversities in farming. the purpose followed in this study was to identify the major motivating and determinant factors of re-purchase of crop insurance by and among already insured farmers. survey research and multi sectional sampling procedures employed used to select farmers. the sample consisted of two groups of farmers: 1) currently insured, 2) past time insured. results indicate a high rate of re-purchase of crop insurance among farmers. a stepwise regression was employed to determine factors which influence farmers' willingness to re-purchase crop insurance. the regression revealed that satisfaction, perceived quality as well as cost value of insurance can significantly determine the re-purchase of insurance. finally, some suggestions were put forward for more farmers’ willingness to re-purchase insurance.
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Article History Received: 27 March 2017 Revised: 20 April 2017 Accepted: 24 May 2017 Published: 19 June 2017
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Journal title:
تحقیقات اقتصاد و توسعه کشاورزی ایرانجلد ۴۳، شماره ۴، صفحات ۵۲۳-۵۳۰
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