Report Summarizes Risk Management Study Findings from University of Energy and Natural Resources (Agricultural insurance and risk management among poultry farmers in Ghana: An application of discrete choice experiment): Risk Management

2023 MAR 03 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New study results on risk management have been published. According to news originating from the University of Energy and Natural Resources by NewsRx correspondents, research stated, “Risks, risk management techniques and the willingness to insure poultry farms by poultry farmers in Ghana were explored.”

The news journalists obtained a quote from the research from University of Energy and Natural Resources: “Random Parameter Logit (RPL) and Conditional Logit (CL) models were used for the analysis. Key risks identified were disease, marketing and financial risks. Primary insurance attributes of the premium period, risk covered, participation type, price (amount paid per annum) and the amount covered were considered in the analysis. US$5.96 per month was the mean premium farmers were willing to pay to insure farms.”

According to the news reporters, the research concluded: “The results further revealed that family size, price and participation type negatively influenced participation in agricultural insurance, whereas education, farming experience, premium period and risk covered positively influenced participation.”

For more information on this research see: Agricultural insurance and risk management among poultry farmers in Ghana: An application of discrete choice experiment. Journal of Agriculture and Food Research, 2023,11():100492. The publisher for Journal of Agriculture and Food Research is Elsevier.

A free version of this journal article is available at https://doi.org/10.1016/j.jafr.2022.100492.

Our news editors report that additional information may be obtained by contacting Richard Kwasi Bannor, Department of Agribusiness Management and Consumer Studies, University of Energy and Natural Resources, Sunyani, Ghana. Additional authors for this research include Helena Oppong-Kyeremeh, Bismark Amfo, John K.M. Kuwornu, Samuel Kwabena Chaa Kyire, Josephine Amponsah.

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