German farmers' perceived usefulness of satellite-based index insurance: insights from a transtheoretical model

IF 1.5 Q3 AGRICULTURAL ECONOMICS & POLICY

Agricultural Finance Review Pub Date : 2023-05-23 DOI:10.1108/afr-10-2022-0125

E. Nordmeyer, O. Musshoff

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引用次数: 0

Abstract

PurposeIndex insurance is promising to mitigate drought-related income losses in agriculture. To reduce the basis risk of index insurance, the integration of satellite data is of growing interest in research. The objective of this study is to obtain preliminary evidence regarding farmers' perceived usefulness (PU) of satellite-based index insurance.Design/methodology/approachBy modifying the transtheoretical model of change to a transtheoretical model of PU, German farmers' gradual PU of satellite-based index insurance was investigated.FindingsThe results show that the average farmer perceives satellite-based index insurance as useful. It can be particularly seen that a higher level of education in an agricultural context as well as higher trust in index insurance products increases farmers' gradual PU. Moreover, higher relative weather-related income losses increase farmers' gradual PU.Research limitations/implicationsIt is recommended to apply latent variables when conducting future investigations regarding farmers' PU.Originality/valueTo the best of the authors' knowledge, this is the first study to explore farmers' PU of upcoming satellite-based index insurance by modifying and applying the transtheoretical model in a new way.

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德国农民对卫星指数保险有用性的感知：基于跨理论模型的见解

目的指数保险有望减轻农业干旱相关的收入损失。为降低指数保险的基点风险，卫星数据的整合已成为研究热点。本研究的目的是获得初步证据关于农民感知有用性(PU)的卫星指数保险。通过将变化的跨理论模型修改为PU的跨理论模型，对德国农民基于卫星指数保险的逐步PU进行了研究。研究结果表明，普通农民认为基于卫星的指数保险是有用的。尤其可以看到，农业背景下较高的教育水平和对指数保险产品较高的信任度会增加农民的渐进PU。此外，较高的相对天气相关的收入损失增加了农民的逐步PU。研究的局限性/意义建议在未来进行农民PU调查时应用潜在变量。原创性/价值据作者所知，本文首次以新的方式修改和应用跨理论模型来探讨农户对即将推出的卫星指数保险的意愿。

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

Agricultural Finance Review AGRICULTURAL ECONOMICS & POLICY-

CiteScore

3.70

自引率

18.80%

发文量

期刊介绍： Agricultural Finance Review provides a rigorous forum for the publication of theory and empirical work related solely to issues in agricultural and agribusiness finance. Contributions come from academic and industry experts across the world and address a wide range of topics including: Agricultural finance, Agricultural policy related to agricultural finance and risk issues, Agricultural lending and credit issues, Farm credit, Businesses and financial risks affecting agriculture and agribusiness, Agricultural policies affecting farm or agribusiness risks and profitability, Risk management strategies including the use of futures and options, Rural credit in developing economies, Microfinance and microcredit applied to agriculture and rural development, Financial efficiency, Agriculture insurance and reinsurance. Agricultural Finance Review is committed to research addressing (1) factors affecting or influencing the financing of agriculture and agribusiness in both developed and developing nations; (2) the broadest aspect of risk assessment and risk management strategies affecting agriculture; and (3) government policies affecting farm profitability, liquidity, and access to credit.