International Business School Researcher Yields New Findings on Landscape Ecology (Credit Constraint, Interlinked Insurance and Credit Contract and Farmers’ Adoption of Innovative Seeds-Field Experiment of the Loess Plateau): Ecology – Landscape Ecology

2023 FEB 10 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators discuss new findings in landscape ecology. According to news originating from the International Business School by NewsRx editors, the research stated, “The interlinked insurance and credit contract is an emerging model of agricultural insurance in China.”

Financial supporters for this research include National Natural Science Foundation of China; The 72ND General Program of China Postdoctoral Science Foundation.

The news reporters obtained a quote from the research from International Business School: “However, the development of interlinked insurance and credit contract and farmers’ demands for it are poorly understood. Based on the wheat farmers on the Loess Plateau in China, a field experiment is employed to obtain dynamic choice data from 415 farmers. We empirically analyzed the inhibitory effect of credit constraint on farmers’ adoption behavior of innovative seeds and also explored the heterogeneity of farmers’ innovative seeds adoption due to the availability of interlinked insurance and credit contract. The results illustrate that credit constraint can hinder farmers’ innovative seeds adoption significantly, and interlinked insurance and credit contracts can encourage farmers to adopt innovative seeds effectively by dispersing natural risks and alleviating credit rationing. Further, constrained by low education levels in China’s rural areas, providing interlinked insurance and credit contract to farmers is not beneficial to enhance farmers’ innovative seeds adoption.”

According to the news editors, the research concluded: “In addition, farmers who are relatively poor may underestimate the benefits of innovative seeds at the beginning of planting, making their adoption behavior have some delayed effect. This research provides a new perspective for promoting the spread of innovative technology in rural areas.”

For more information on this research see: Credit Constraint, Interlinked Insurance and Credit Contract and Farmers’ Adoption of Innovative Seeds-Field Experiment of the Loess Plateau. Land, 2023,12(2). (Land - http://www.mdpi.com/journal/land). The publisher for Land is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/land12020357.

Our news journalists report that more information may be obtained by contacting Leshan Yu, International Business School, Shaanxi Normal University, Xi’an 710119, People’s Republic of China. Additional authors for this research include Yan Song, Haixia Wu, Hengtong Shi.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the authors of this research: Yan Song (http://orcid.org/0000-0003-0145-8585), Hengtong Shi (http://orcid.org/0000-0002-7144-1204).

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