Study Results from University of Padua Update Understanding of Agriculture (Who Is Afraid of Biotic Threats? An Econometric Analysis of Veneto Wine Grape Farmers’ Propensity to Insure)

2020 AUG 21 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Investigators discuss new findings in agriculture. According to news originating from the University of Padua by NewsRx correspondents, research stated, “This paper aims at understanding what affects farmers’ choices to buy insurance against biotic threats.”

The news reporters obtained a quote from the research from University of Padua: “Using a survey-based dataset with 1187 observations on Veneto wine grapes farms, we regress a probit model with endogenous variables with a maximum likelihood (ML) routine. The results corroborate the microeconomic theory according to which risk-adverse individuals are more propense to insure. In our framework, the farmers’ socioeconomic characteristics are treated as endogenous variables, which exist/are predetermined before the choice to insure (or not).”

According to the news editors, the research concluded: “This paper discusses the results in a policy perspective.”

For more information on this research see: Who Is Afraid of Biotic Threats? An Econometric Analysis of Veneto Wine Grape Farmers’ Propensity to Insure. Agriculture, 2020,10(336):336. (Agriculture - http://www.mdpi.com/journal/agriculture). The publisher for Agriculture is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/agriculture10080336.

Our news journalists report that more information may be obtained by contacting Laura Onofri, Department of Land, Environment, Agriculture and Forestry, University of Padua, Via dell’Universita 16, 35020 Legnaro (PD), Italy. Additional authors for this research include Samuele Trestini, Vasco Boatto.

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