Crop Insurance Purchase Decisions: A Study of Northern Illinois Farmers

When selecting crop insurance coverage, farmers must consider multiple factors. The importance associated with factors that are considered when making crop insurance decisions varies among individual farmers. As available crop insurance options increase, selecting the appropriate coverage becomes a more complicated process. The prevalence of crop insurance participation and the existence of multiple selection criteria also makes understanding participant decisions more difficult. This paper provides findings of a mail survey conducted among farmers in northern Illinois. Mainly, this paper examines factors influencing farmers’ crop insurance purchase decisions, types of coverage purchased, and farmers’ risk attitudes.


Issue Date:
2010
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/96367
Published in:
Journal of the ASFMRA (American Society of Farm Managers and Rural Appraisers), 2010
Page range:
3-22
Total Pages:
20




 Record created 2017-04-01, last modified 2017-08-29

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