New Agricultural Insurance Study Results from Northeast Agricultural University Described (Analysis of Behavior Characteristics of the Main Body of Crop Insurance Under Asymmetric Information Environmental Condition)

2019 APR 22 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Researchers detail new data in Agriculture - Agricultural Insurance. According to news reporting originating in Heilongjiang, People’s Republic of China, by NewsRx journalists, research stated, “In this study we combined the data generated through a process with geospatial data on plot locations and environmental characteristics, administrative data from the insurance company and comprehensive survey data. To study the behavior differences of small-scale farmers and new-type agricultural operating entities as insured subjects in the agricultural insurance market under the condition of information asymmetry.”

Financial support for this research came from National Social Science Fund Project “Empirical Analysis and Policy Choice of Mortgage Loan Guarantee Insurance for Farmland Management Rights.”

The news reporters obtained a quote from the research from Northeast Agricultural University, “To study how the ways of information acquisition affect the satisfaction of purchasing agricultural insurance, thus affecting future insurance demanding behavior. This paper collects data and designs information acquisition satisfaction table for small-scale farmers and managers of new-type agricultural operating entities by field interviews, and makes nested design analysis for the obtained satisfaction value. The empirical test results show that there are great differences in information acquisition behavior between small-scale farmers which leads to different satisfaction of information acquisition. It is suggested that the agricultural insurance policy formulation should considers the differences behavioral characteristics of small-scale farmers and new-type agricultural operating entities.”

According to the news reporters, the research concluded: “And agricultural insurance companies should provide insurance products corresponding to the behavior characteristics of small-scale farmers and new-type agricultural operating entities.”

For more information on this research see: Analysis of Behavior Characteristics of the Main Body of Crop Insurance Under Asymmetric Information Environmental Condition. Ekoloji, 2019;28(107):3397-3403. Ekoloji can be contacted at: Foundation Environmental Protection & Research-Fepr, Mureselpasa Bulvari 1265 Sokak 10-10, H Mevlut Susuzlu Is Merkesi, Pk 63, Basmane Konak-Izmir, 35230, Turkey.

Our news correspondents report that additional information may be obtained by contacting D. Li, Northeast Agricultural University, School of Economics and Management, Harbin 150030, Heilongjiang, People’s Republic of China.

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