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Beef Producer Preferences And Purchase Decisions For Livestock Revenue Insurance Products

Listed author(s):
  • Fields, Deacue
  • Gillespie, Jeffrey M.

Personal interviews were conducted with 52 beef cattle producers in Louisiana to determine their preferences and purchase decisions for livestock revenue insurance. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. The characteristics of producers who prefer given attributes were also identified. Producers rated products given four economic situations to evaluate. A two-limit tobit model was used to estimate the part worth utility values for each attribute. Univariate probit models were estimated to evaluate the influence of producer characteristics on purchase decisions.

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Paper provided by Southern Agricultural Economics Association in its series 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama with number 35089.

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Date of creation: 2003
Handle: RePEc:ags:saeatm:35089
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  1. Harrison, R. Wes & Özayan, Aylin & Meyers, Samuel P., 1998. "A Conjoint Analysis of New Food Products Processed from Underutilized Small Crawfish," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 30(02), pages 257-265, December.
  2. Halbrendt, Catherine K. & Wirth, Ferdinand F. & Vaughn, Gerald F., 1991. "Conjoint Analysis Of The Mid-Atlantic Food-Fish Market For Farm-Raised Hybrid Striped Bass," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(01), July.
  3. Jeffrey Gillespie & Gary Taylor & Alvin Schupp & Ferdinand Wirth, 1998. "Opinions of professional buyers toward a new, alternative red meat: Ostrich," Agribusiness, John Wiley & Sons, Ltd., vol. 14(3), pages 247-256.
  4. Barry E. Prentice & Dave Benell, 1992. "Determinants of Empty Returns by U.S. Refrigerated Trucks: Conjoint Analysis Approach," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 40(1), pages 109-127, 03.
  5. Skees, Jerry R. & Harwood, Joy L. & Somwaru, Agapi & Perry, Janet E., 1998. "The Potential For Revenue Insurance Policies In The South," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 30(01), July.
  6. Harrison, R. Wes & Ozayan, Aylin & Meyers, Samuel P., 1998. "A Conjoint Analysis Of New Food Products Processed From Underutilized Small Crawfish," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 30(02), December.
  7. Coffey, Brian K. & Skees, Jerry R. & Dillon, Carl R. & Anderson, John D., 2001. "Potential Effects Of Subsidized Livestock Insurance On Livestock Production," 2001 Annual meeting, August 5-8, Chicago, IL 20606, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  8. Halbrendt, C.K. & Wirth, F.F. & Vaughn, G.F., 1991. "Conjoint Analysis of the Mid-Atlantic Food-Fish Market for Farm-Raised Hybrid Striped Bass," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 23(01), pages 155-163, July.
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