所属栏目:银行与金融机构/保险与保险公司

Farmers’ Willingness to Purchase Weather Insurance in Rural China
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发布日期:2022年08月01日 上次修订日期:2022年08月01日

摘要

China frequently suffers from weather related natural disasters and is a source of wide-spread systemic risk throughout large swaths of China. During these periods farmers crops are at risk and for a largely poor population few can afford the turmoil to livelihoods that goes along with drought. Throughout the developing world there is serious interest in index-based weather insurance for agriculture, and in China the China Insurance Regulatory Commission is investigating the insurability of weather related risk. Beyond that little formal research has appeared on either the demand, use or design of index insurance in China. This paper provides a preliminary assessment of farmers’ willingness to pay for drought insurance. Based on a survey of over 890 farm households in Shaanxi and Gansu provinces the results show that while there is significant demand, price may be an issue. Our results show that the majority of farm households would transition from a no-demand state to a demand state as prices fall. This suggests that in order to gain wide gain adoption there may be a need for governmental intervention.
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Calum G. Turvey,; Rong Kong Farmers’ Willingness to Purchase Weather Insurance in Rural China (2022年08月01日) https://www.cfrn.com.cn/lw/11492

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