Farmers' Preferences for Alternative Crop and Health Insurance Subsidy |
| |
| Authors: | William Nganje Robert Hearne Cole Gustafson Michael Orth |
| |
| Institution: | William Nganje is an associate professor at the Morrison School of Management and Agribusiness at Arizona State University.;Robert Hearne is an associate professor;, Cole Gustafson is a professor;, and Michael Orth is a graduate research assistant at North Dakota State University. |
| |
| Abstract: | In addition to production risks, farmers desire to balance personal risks of health care. A theoretical framework is developed for holistic health and crop insurance products that provide the opportunity to switch a portion of existing crop insurance subsidy for greater health coverage. A random utility discrete choice experiment is used to assess farmers' stated preferences for holistic insurance products. Farmers prefer higher levels of coverage and are price sensitive. A sample of farmers did not prefer the subsidy switch. However, the subsidy switch is preferred by older farmers, those with higher health care spending, and farmers who have experienced major health problems. |
| |
| Keywords: | |
|
|
