Purchase of Catastrophe Insurance by Dutch Dairy and Arable Farmers |
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| Authors: | Victor A Ogurtsov Marcel APM van Asseldonk Ruud BM Huirne |
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| Institution: | Victor A. Ogurtsov is a PhD researcher with the Business Economics Group, Wageningen University, the Netherlands, .;Marcel A.P.M. van Asseldonk is a senior researcher at IRMA and LEI, Wageningen University, the Netherlands.;Ruud B.M. Huirne is a professor of Farm Management, Wageningen University, the Netherlands. |
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| 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. |
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