@article{Kiran:210867,
      recid = {210867},
      author = {Kiran, Shashi and Umesh, K.B.},
      title = {Willingness to Pay for Crop Insurance Premium-A Study on  Maize Farmers in India},
      address = {2015},
      number = {1008-2016-80222},
      pages = {13},
      year = {2015},
      abstract = {Agricultural activity is subject to a wide range of risks  due to the variable economic and biophysical environment in  which farming operates.  Agriculture risks arise due to  uncertainty over factors determining returns to  agricultural production.  Crop insurance is one of the risk  mitigating strategies for farmers.  The objective of the  study was to estimate WTP by the rainfed maize farmres to  crop insurance premium and also factors influencing their  WTP.  The study revealed that farmers were willing to pay  0.34 percent more premium than the prevailing rate to  insure their crop.  The average probability of WTP of  farmers for crop insurance premium was 0.53.  Age was the  important factor influencing their WTP.  It was observed  that farmers' awareness about the products and procedures  of crop insurance was poor.  Hence, efforts should be made  to increase the awareness and help farmers to take  advantage of crop insurance.},
      url = {http://ageconsearch.umn.edu/record/210867},
      doi = {https://doi.org/10.22004/ag.econ.210867},
}