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Factors Influencing Crop Insurance Participation In Maize Farming

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  • Jarvie, E. M.
  • Nieuwoudt, W. L.

Abstract

Crop insurance has been divided into comprehensive (all-risk) and hail insurance and these have been analysed separately. A discriminant analysis of 82 farmers surveyed in the Highveld Region during July and August 1987 indicates that it is the farmer more exposed to risk, with lower liquidity, greater experience and more debt, who insures comprehensively. The latter producer also tends to have an unfavourable return on assets with a small or non-existent livestock enterprise. With respect to hail insurance, results indicate that it is the older farmer with low gross farm and off-farm income that tends to insure. Further insight into economic forces influencing farmer participation is important as it may aid policy-makers in the adjustment of present and the formation of future policies regarding such risk management strategies as crop insurance.

Suggested Citation

  • Jarvie, E. M. & Nieuwoudt, W. L., 1989. "Factors Influencing Crop Insurance Participation In Maize Farming," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 28(2), June.
    • Handle: RePEc:ags:agreko:267241
    DOI: 10.22004/ag.econ.267241
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    References listed on IDEAS

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    1. Harold G. Halcrow, 1949. "Actuarial Structures for Crop Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(3), pages 418-443.
    2. repec:ucp:bkecon:9780226316529 is not listed on IDEAS
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    Cited by:

    1. Ashimwe, Olive, 2016. "An Economic Analysis Of Impact Of Weather Index-Based Crop Insurance On Household Income In Huye District Of Rwanda," Research Theses 265675, Collaborative Masters Program in Agricultural and Applied Economics.
    2. Ashimwe, Olive, 2016. "An Economic Analysis Of Impact Of Weather Index-Based Crop Insurance On Household Income In Huye District Of Rwanda," Research Theses 276460, Collaborative Masters Program in Agricultural and Applied Economics.

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