Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China
Purchasing agricultural insurance and joining agricultural cooperatives are two prevalent instruments used by farmers in China for dealing with agricultural risks. Data from 443 swine farmers in Jiangsu and Henan provinces of China were collected. Factors affecting the farmers’ decision to purchase...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2019-12-01
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| Series: | Journal of Integrative Agriculture |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2095311919628236 |
| _version_ | 1818821424946610176 |
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| author | Yan-yuan ZHANG Guang-wei JU Jin-tao ZHAN |
| author_facet | Yan-yuan ZHANG Guang-wei JU Jin-tao ZHAN |
| author_sort | Yan-yuan ZHANG |
| collection | DOAJ |
| description | Purchasing agricultural insurance and joining agricultural cooperatives are two prevalent instruments used by farmers in China for dealing with agricultural risks. Data from 443 swine farmers in Jiangsu and Henan provinces of China were collected. Factors affecting the farmers’ decision to purchase agricultural insurance and join agricultural cooperatives were assessed. The possibility of simultaneous use of both instruments and the potential correlation between these two decisions was considered as well. Results showed that the farmers’ decision to use agricultural insurance and cooperatives was positively correlated, indicating that farmers who purchased agricultural insurance which mainly used to mitigate production risks were more likely to join agricultural cooperatives which more used to share market risks, and vice versa. Farmers’ knowledge of swine insurance and trust in the local government positively impacted the purchase of agricultural insurance, while education, years involved in swine production and scale of swine production positively impacted farmers joining agricultural cooperatives. |
| first_indexed | 2024-12-18T23:07:59Z |
| format | Article |
| id | doaj.art-1b121b3c2f0242d6941e31776af278a4 |
| institution | Directory Open Access Journal |
| issn | 2095-3119 |
| language | English |
| last_indexed | 2024-12-18T23:07:59Z |
| publishDate | 2019-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Integrative Agriculture |
| spelling | doaj.art-1b121b3c2f0242d6941e31776af278a42022-12-21T20:48:25ZengElsevierJournal of Integrative Agriculture2095-31192019-12-01181229102918Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in ChinaYan-yuan ZHANG0Guang-wei JU1Jin-tao ZHAN2College of Economics and Management, Nanjing Forestry University, Nanjing 210037, P.R.ChinaChinese Academy of Agricultural Sciences, Beijing 100081, P.R.ChinaCollege of Economics and Management, Nanjing Agricultural University, Nanjing 210095, P.R.China; Correspondence ZHAN Jin-taoPurchasing agricultural insurance and joining agricultural cooperatives are two prevalent instruments used by farmers in China for dealing with agricultural risks. Data from 443 swine farmers in Jiangsu and Henan provinces of China were collected. Factors affecting the farmers’ decision to purchase agricultural insurance and join agricultural cooperatives were assessed. The possibility of simultaneous use of both instruments and the potential correlation between these two decisions was considered as well. Results showed that the farmers’ decision to use agricultural insurance and cooperatives was positively correlated, indicating that farmers who purchased agricultural insurance which mainly used to mitigate production risks were more likely to join agricultural cooperatives which more used to share market risks, and vice versa. Farmers’ knowledge of swine insurance and trust in the local government positively impacted the purchase of agricultural insurance, while education, years involved in swine production and scale of swine production positively impacted farmers joining agricultural cooperatives.http://www.sciencedirect.com/science/article/pii/S2095311919628236agricultural insuranceagricultural cooperativessimultaneous decisionsBivariate ProbitChina |
| spellingShingle | Yan-yuan ZHANG Guang-wei JU Jin-tao ZHAN Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China Journal of Integrative Agriculture agricultural insurance agricultural cooperatives simultaneous decisions Bivariate Probit China |
| title | Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China |
| title_full | Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China |
| title_fullStr | Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China |
| title_full_unstemmed | Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China |
| title_short | Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China |
| title_sort | farmers using insurance and cooperatives to manage agricultural risks a case study of the swine industry in china |
| topic | agricultural insurance agricultural cooperatives simultaneous decisions Bivariate Probit China |
| url | http://www.sciencedirect.com/science/article/pii/S2095311919628236 |
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