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http://hdl.handle.net/123456789/7137
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Title: | Investigating the interest of farmers and insurance companies in farm insurance: the case of cocoa farmers in Sekyere West municipal of Ghana |
Authors: | Nimoh, Fred Baah, Kwadwo Tham-Agyekum, Enoch Kwame |
Keywords: | Cocoa Farmers Insurance Interest Willingness to accept |
Issue Date: | 2011 |
Publisher: | Journal of Agricultural Science |
Citation: | Journal of Agricultural Science Vol. 3, No. 4; December 2011 |
Abstract: | The study examined interest of farmers and insurance companies in farm insurance. The sample consisted of 110
respondents; 100 farmers and 10 insurance companies. The Probit model was used to analyse the effect of
factors affecting the willingness of cocoa farmers to accept farm insurance. All of the respondents had ever heard
of one or more types of insurance whiles 32% had knowledge of farm insurance. About 87% indicated their
interest in farm insurance. The t-statistic results showed that other occupation of farmer (-0.200, p=0.097), farm
size (1.96, p = 0.050) and owner of land for farming (-0.41, p = 0.011) significantly affected willingness to accept
farm insurance policies. For a realistic farm insurance policy, it is recommended that land availability for farmers
must be largely considered. |
Description: | Article published in Journal of Agricultural Science Vol. 3, No. 4; December 2011. Also available at www.ccsenet.org/jas |
URI: | http://hdl.handle.net/123456789/7137 |
Appears in Collections: | Publications
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