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Who Is Afraid of Biotic Threats? An Econometric Analysis of Veneto Wine Grape Farmers’ Propensity to Insure

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  • Laura Onofri

    (Department of Land, Environment, Agriculture and Forestry, University of Padua, Via dell’Università 16, 35020 Legnaro (PD), Italy)

  • Samuele Trestini

    (Department of Land, Environment, Agriculture and Forestry, University of Padua, Via dell’Università 16, 35020 Legnaro (PD), Italy)

  • Vasco Boatto

    (Department of Land, Environment, Agriculture and Forestry, University of Padua, Via dell’Università 16, 35020 Legnaro (PD), Italy)

Abstract

This paper aims at understanding what affects farmers’ choices to buy insurance against biotic threats. Using a survey-based dataset with 1187 observations on Veneto wine grapes farms, we regress a probit model with endogenous variables with a maximum likelihood (ML) routine. The results corroborate the microeconomic theory according to which risk-adverse individuals are more propense to insure. In our framework, the farmers’ socioeconomic characteristics are treated as endogenous variables, which exist/are predetermined before the choice to insure (or not). This paper discusses the results in a policy perspective.

Suggested Citation

  • Laura Onofri & Samuele Trestini & Vasco Boatto, 2020. "Who Is Afraid of Biotic Threats? An Econometric Analysis of Veneto Wine Grape Farmers’ Propensity to Insure," Agriculture, MDPI, vol. 10(8), pages 1-9, August.
    • Handle: RePEc:gam:jagris:v:10:y:2020:i:8:p:336-:d:395338
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    References listed on IDEAS

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    Cited by:

    1. Artemi Cerdà & Jesús Rodrigo-Comino, 2021. "Regional Farmers’ Perception and Societal Issues in Vineyards Affected by High Erosion Rates," Land, MDPI, vol. 10(2), pages 1-18, February.
    2. Claudio Bellia & Pietro Columba & Marzia Ingrassia, 2022. "The Brand–Land Identity of Etna Volcano Valley Wines: A Policy Delphi Study," Agriculture, MDPI, vol. 12(6), pages 1-32, June.

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