Willingness to Pay for Livestock Husbandry Insurance: An Empirical Analysis of Grassland Farms in Inner Mongolia, China

文献类型： 外文期刊

第一作者： Dong, Haibin

作者： Dong, Haibin;Hou, Xiangyang;Jimoh, Saheed Olaide;Hou, Yulu

作者机构：

关键词： risk; insurance; livestock; grassland; policy

期刊名称：SUSTAINABILITY （ 影响因子：3.251； 五年影响因子：3.473 ）

ISSN：

年卷期： 2020 年 12 卷 18 期

页码：

收录情况： SCI

摘要： Livestock husbandry insurance (LHI) is increasingly gaining acceptance in developing countries, relative to its efficacy in mitigating the covariate risks faced by households in vulnerable agrarian communities. However, this risk-mitigating tool has received little research attention in the context of Chinese herders. The current study focused on the status, and determinants of herders' willingness to purchase LHI. We used a contingent valuation approach to collect data from 450 households across three grassland types in Inner Mongolia. Descriptive statistics and binary logistic regression models were used to analyze the collected data. We show that herders' level of awareness and acceptance of LHI are below expectations. Our results further indicated that herders with higher education level, livestock number, risk perception level, awareness, and contracted grassland area are more likely to purchase LHI. Policymakers and insurers should design programs that will educate herders on LHI while taking cognizance of other critical factors that influence households to purchase insurance. This will go a long way in scaling-up the attractiveness of LHI to herders and the agrarian community at large.

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