Researchers at Hangzhou Normal University Release New Data on Crop Insurance (Effect of Insurance Subsidies on Agricultural Land-Use): Agriculture – Crop Insurance

2023 FEB 06 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on crop insurance have been presented. According to news originating from Hangzhou, People’s Republic of China, by NewsRx correspondents, research stated, “This paper investigates the effect of crop insurance-subsidies on agricultural land-use allocation.”

Funders for this research include Hangzhou Normal University.

Our news journalists obtained a quote from the research from Hangzhou Normal University: “Since the objective of crop insurance is to help farmers with risk management, the expected profit from crop production under crop insurance might be improved, leading farmers to allocate more land to crop production. In this paper, agricultural land-use type is classified by irrigated/unirrigated farmland and cropland/woodland/pastureland. The data come from counties from all the continental states. Considering the fractional outcome of land-use share, we apply a multinomial-fractional-logit model to estimate the effects. The results show that insurance subsidies have a significant effect on land-use allocation.”

According to the news reporters, the research concluded: “An increase in insurance subsidies increases farmland-share, indicating insurance subsidies could be an efficient tool to adjust agricultural land-use allocation.”

For more information on this research see: Effect of Insurance Subsidies on Agricultural Land-Use. International Journal of Environmental Research and Public Health, 2023,20(1493):1493. (International Journal of Environmental Research and Public Health - http://www.mdpi.com/journal/ijerph). The publisher for International Journal of Environmental Research and Public Health is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/ijerph20021493.

Our news editors report that additional information may be obtained by contacting Chengyu Si, School of Economics, Hangzhou Normal University, Hangzhou 311121, People’s Republic of China. Additional authors for this research include Yanru Li, Wei Jiang.

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