Investigators at Huazhong Agricultural University Detail Findings in Disaster Risk Reduction (Risk perception, insurance recognition and agricultural…

Investigators at Huazhong Agricultural University Detail Findings in Disaster Risk Reduction (Risk perception, insurance recognition and agricultural insurance behavior-An empirical based on dynamic panel data in 31 provinces of China)

By a News Reporter-Staff News Editor at Obesity, Fitness & Wellness Week -- Research findings on Disaster Risk Reduction are discussed in a new report. According to news reporting originating in Wuhan, People's Republic of China, by NewsRx journalists, research stated, "Farmers' agricultural insurance decision-making is affected by behavioral factors."

The news reporters obtained a quote from the research from Huazhong Agricultural University, "The paper using provincial panel data in Chinese 31 provinces and GMM dynamic panel data model examined the effect of five group variables on agricultural insurance decision making: risk perception and management, agricultural insurance recognition, trust, affordability and affection in agricultural production. The results show that agricultural insurance affordability, risk perception and management are the major influencing factors; agricultural insurance has the highest elasticity on household net income, which is 9.813, followed by elasticity on year end total rural power machinery and cash expenditure on health care, which are 7.719 and 5.567 respectively, yet negative."

According to the news reporters, the research concluded: "Measures like raising household net income, building sound rural health care system, strengthening governments' subsidy on agricultural machineries, improving the educational level of farmers can effectively boost agricultural insurance demands."

For more information on this research see: Risk perception, insurance recognition and agricultural insurance behavior-An empirical based on dynamic panel data in 31 provinces of China. International Journal of Disaster Risk Reduction, 2016;20():19-25. International Journal of Disaster Risk Reduction can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; International Journal of Disaster Risk Reduction - www.journals.elsevier.com/international-journal-of-disaster-risk-reduction/)

Our news correspondents report that additional information may be obtained by contacting F. Liu, Huazhong Agricultural University, Coll Econ & Management, Wuhan 430070, People's Republic of China. Additional authors for this research include C.P. Corcoran, J.P. Tao and J. Cheng (see also Disaster Risk Reduction).

Keywords for this news article include: Wuhan, People's Republic of China, Asia, Disaster Risk Reduction, Agricultural, Agriculture, China, Asia, Huazhong Agricultural University.

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