Findings in Crop Insurance Reported from Nanjing University of Information Science and Technology (NUIST) (Does Disaster Shocks Affect Farmers’ Willingness for Insurance? Mediating Effect of Risk Perception and Survey Data From Risk-prone Areas …)

2021 MAR 11 (NewsRx) -- By a News Reporter-Staff News Editor at Disease Prevention Daily -- Investigators publish new report on Agriculture - Crop Insurance. According to news reporting originating in Nanjing, People’s Republic of China, by NewsRx journalists, research stated, “The study estimates the impact of disaster shocks and risk perception on farmers’ willingness for insurance. Based on data of 328 farmers from the Shandong province of East China, the study uses cluster analysis, analysis of variance, hierarchical linear model and structural equation model to determine the impact of disaster shocks and risk perception on farmers’ willingness for insurance.”

Financial supporters for this research include Humanities and social sciences research project of the Ministry of Education, National Natural Science Foundation of China (NSFC), Key Project of National Social and Scientific Fund Program, Innovative training program for college students of Shandong Province.

The news reporters obtained a quote from the research from the Nanjing University of Information Science and Technology (NUIST), “A bootstrap method of bias correction was used to test the mediating effect of risk perception between disaster shocks and insurance willingness. Results revealed that the overall willingness of farmers for crop insurance was low. However, the farmers’ willingness for crop insurance increased with an increase in disaster shocks and risk perception. The parametric analysis also confirmed that disaster shocks and risk perceptions have a significant and positive impact on the farmers’ willingness for crop insurance. Risk perception has a partial mediating effect between disaster shock and farmers’ willingness for crop insurance. It indicates that disaster shock not only impacts on farmers’ willingness for crop insurance directly but also has an indirect impact on farmers’ willingness for crop insurance through risk perception.”

According to the news reporters, the research concluded: “Farmers are encouraged to participate in the early warning disaster programs to increase awareness of climate change and resilience against weather aberrations.”

This research has been peer-reviewed.

For more information on this research see: Does Disaster Shocks Affect Farmers’ Willingness for Insurance? Mediating Effect of Risk Perception and Survey Data From Risk-prone Areas In East China. Natural Hazards, 2021. Natural Hazards can be contacted at: Springer, One New York Plaza, Suite 4600, New York, Ny, United States. (Springer - www.springer.com; Natural Hazards - http://www.springerlink.com/content/0921-030x/)

Our news correspondents report that additional information may be obtained by contacting Yinyin Zhao, Nanjing University of Information Science and Technology (NUIST), School of Management Science and Engineering, Nanjing 210044, People’s Republic of China. Additional authors for this research include Ruikun Peng, Benhong Peng and Ehsan Elahi.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1007/s11069-021-04569-0. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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