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Preferences for Livestock Revenue Insurance Among Beef Producers AgEcon
Fields, Deacue; Gillespie, Jeffrey M..
Personal interviews were conducted with 52 Louisiana cow-calf producers to determine their preferences for a livestock revenue insurance (LRI) product. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. Two-limit tobit models were estimated. Producers were segmented using cluster analysis based upon preferences for LRI product attributes. A multinomial logit model was used to determine differences between characteristics of producers in each cluster. Producers generally preferred higher-premium, zero-deductible products; 180-day policy length; the state price series; and an in-person method of marketing. Cluster analysis yielded three groups of preferences
Tipo: Journal Article Palavras-chave: Personal interviews were conducted with 52 Louisiana cow-calf producers to determine their preferences for a livestock revenue insurance (LRI) product. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. Two-limit tobit models were estimated. Producers were segmented using cluster analysis based upon preferences for LRI product attributes. A multinomial logit model was used to determine differences between characteristics of producers in each cluster. Producers generally preferred higher-premium; Zero-deductible products; 180-day policy length; The state price series; And an in-person method of marketing. Cluster analysis yielded three groups of preferences; Agribusiness; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/62288
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