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Factors Explaining Farmers' Insurance Purchase in the Dutch Dairy Sector

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Author Info
Ogurtsov, Victor A.
van Asseldonk, Marcel A.P.M.
Huirne, Ruud B.M.
Abstract

This paper analyzed the impact of farm and farmer characteristics on the acceptability to dairy farmers in the Netherlands of an all-risk insurance package and underlying specific categories of insurance coverage. The major farm characteristics considered were structural, operational and financial variables, while farmer age was the major farmer-specific characteristic analyzed. The specific insurance categories reviewed were damage, legal, disability, liability and health insurance. The results suggest that there are common and insurance-specific factors that can improve the design of insurance policies for dairy farmers.

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File URL: http://purl.umn.edu/7774
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Paper provided by European Association of Agricultural Economists in its series 99th Seminar, February 8-10, 2006, Bonn, Germany with number 7774.

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Date of creation: 2006
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Handle: RePEc:ags:eaae99:7774

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Related research
Keywords: insurance; farm characteristics; risk; dairy farm; Livestock Production/Industries; Risk and Uncertainty;

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  1. Bruce J. Sherrick & Peter J. Barry & Paul N. Ellinger & Gary D. Schnitkey, 2004. "Factors Influencing Farmers' Crop Insurance Decisions," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 86(1), pages 103-114, 02. [Downloadable!] (restricted)
  2. Barry K. Goodwin & Monte L. Vandeveer & John L. Deal, 2004. "An Empirical Analysis of Acreage Effects of Participation in the Federal Crop Insurance Program," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 86(4), pages 1058-1077, November. [Downloadable!] (restricted)
  3. Ganderton, Philip T, et al, 2000. " Buying Insurance for Disaster-Type Risks: Experimental Evidence," Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 271-89, May. [Downloadable!] (restricted)
  4. Philip Ganderton & David Brookshire & Michael McKee & Steve Stewart & Hale Thurston, 2000. "Buying Insurance for Disaster-Type Risks: Experimental Evidence," Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 271-289, May. [Downloadable!] (restricted)
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This page was last updated on 2009-12-11.


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