Can Interlinked Credit and Insurance Contracts Boost Farmers' Adoption of Improved Rice Varieties? Field Experimental Evidence from China

IF 2.1 3区经济学 Q2 AGRICULTURAL ECONOMICS & POLICY

Australian Journal of Agricultural and Resource Economics Pub Date : 2025-06-22 DOI:10.1111/1467-8489.70002

Haixia Wu, Yan Ge, Jianping Li

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引用次数: 0

Abstract

Based on microdata from field experiments collected in Hunan and Sichuan Provinces, this study employs the probit model and mediating effect model in field experiments to evaluate the impact of interlinked credit and insurance contracts (ICIC) on farmers' adoption of improved rice varieties. The results show that ICIC has a significantly positive impact on farmers' adoption of improved rice varieties. It can promote the adoption of improved rice varieties by alleviating farmers' risk aversion and credit constraint, which account for 18.01% and 21.03% of the total effect of ICIC on farmers' adoption of rice varieties, respectively. To an extent, the ICIC's effect on farmers' adoption of improved rice varieties is influenced by household income and motivation for planting rice. This interplay between collateral and the characteristic of credit–insurance interlinkage has direct and essential implications for the design of programmes to simultaneously enhance the adoption of innovative agricultural technologies. Meanwhile, this research provides microfoundations and policy recommendations for household technological adoption in rural China and provides insights on how the government can formulate relevant policies to promote innovative technological extension.

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相互关联的信贷和保险合同能促进农民采用改良水稻品种吗？来自中国的田间实验证据

本研究基于湖南和四川两省田间试验的微观数据，采用probit模型和中介效应模型，在田间试验中评估了信用保险联约（ICIC）对农民采用水稻良种的影响。结果表明，ICIC对农民采用改良水稻品种具有显著的正向影响。通过缓解农民的风险规避和信用约束来促进改良水稻品种的采用，分别占ICIC对农民采用水稻品种总效应的18.01%和21.03%。在一定程度上，ICIC对农民采用改良水稻品种的影响受到家庭收入和种植水稻动机的影响。抵押品与信贷保险相互联系的特点之间的这种相互作用，对同时加强采用创新农业技术的方案的设计具有直接和重要的影响。同时，本研究为中国农村家庭技术采用提供了微观基础和政策建议，并为政府如何制定相关政策促进创新技术推广提供了见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Journal of Agricultural and Resource Economics 管理科学-农业经济与政策

CiteScore

6.30

自引率

0.00%

发文量

审稿时长

>24 weeks

期刊介绍： The Australian Journal of Agricultural and Resource Economics (AJARE) provides a forum for innovative and scholarly work in agricultural and resource economics. First published in 1997, the Journal succeeds the Australian Journal of Agricultural Economics and the Review of Marketing and Agricultural Economics, upholding the tradition of these long-established journals. Accordingly, the editors are guided by the following objectives: -To maintain a high standard of analytical rigour offering sufficient variety of content so as to appeal to a broad spectrum of both academic and professional economists and policymakers. -In maintaining the tradition of its predecessor journals, to combine articles with policy reviews and surveys of key analytical issues in agricultural and resource economics.