期刊名称：International Journal of Food and Agricultural Economics
印刷版ISSN：2147-8988
出版年度：2013
卷号：1
期号：1
页码：97-107
出版社：International Journal of Food and Agricultural Economics
摘要：This study examines willingness to take agricultural insurance by cocoa farmers in Nigeria. A three-stage sampling procedure was used to select 120 cocoa farm households and structured questionnaire was used to elicit data from the respondents. The data were analysed with descriptive statistics and probit regression mo del. Results showed that 77.5% of the farmers were aware of Agricultural Insurance but only 50% were willing to take it. The average willingness-to-pay (WTP) for Agricultural Insurance by the respondents was N 11,087.5/ha ($69.85/ha). The significant variables influencing willingness to take agricultural insurance by the farmers were age of household head, educational level, access to extension service and farm income. The study therefore recommends encouraging young well educated people to engage in cocoa farming, overhauling agricultural extension services as well as provision of insurance services to farmers at affordable rate.
