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Purchase of Catastrophe Insurance by Dutch Dairy and Arable Farmers

Author

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  • Victor A. Ogurtsov
  • Marcel A.P.M. van Asseldonk
  • Ruud B.M. Huirne

Abstract

This article analyzed the impact of risk perception, risk attitude, and other farmer personal and farm characteristics on the actual purchase of catastrophe insurance by Dutch dairy and arable farmers. The specific catastrophe insurance types considered were hail-fire-storm insurance for buildings, disability insurance, crop insurance against hail, storm, and brown rot, and insurance against epidemic animal disease outbreaks. The results suggested that risk perception was a significant variable that influenced purchase of catastrophe insurance by dairy and arable farmers, whereas risk attitude was significant only in arable farming. Copyright 2009, Oxford University Press.

Suggested Citation

  • Victor A. Ogurtsov & Marcel A.P.M. van Asseldonk & Ruud B.M. Huirne, 2009. "Purchase of Catastrophe Insurance by Dutch Dairy and Arable Farmers," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(1), pages 143-162.
  • Handle: RePEc:oup:revage:v:31:y:2009:i:1:p:143-162
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    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2008.01430.x
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    Cited by:

    1. Souksavanh VIXATHEP, 2014. "Entrepreneurship, Government Policy and Performance of SMEs in Laos," GSICS Working Paper Series 28, Graduate School of International Cooperation Studies, Kobe University.
    2. Souksavanh VIXATHEP & Phanhpakit ONPHANHDALA & Phaythoune PHOMVIXAY, 2013. "Land Distribution and Rice Sufficiency in Northern Laos," GSICS Working Paper Series 27, Graduate School of International Cooperation Studies, Kobe University.

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