Farmers'Perception of Climate Risk, Intervention of Policy Instruments and the Distortion of Agricultural Insurance Market

ZHENG Wo-lin; LUO Bi-liang; ZHONG Wen-jing

Volume 35 Issue 5

Apr. 2021

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ZHENG Wo-lin, LUO Bi-liang, ZHONG Wen-jing. Farmers'Perception of Climate Risk, Intervention of Policy Instruments and the Distortion of Agricultural Insurance Market[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(5): 101-111.

Citation:

ZHENG Wo-lin, LUO Bi-liang, ZHONG Wen-jing. Farmers'Perception of Climate Risk, Intervention of Policy Instruments and the Distortion of Agricultural Insurance Market[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(5): 101-111.

Citation:

ZHENG Wo-lin, LUO Bi-liang, ZHONG Wen-jing. Farmers'Perception of Climate Risk, Intervention of Policy Instruments and the Distortion of Agricultural Insurance Market[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(5): 101-111.

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Farmers'Perception of Climate Risk, Intervention of Policy Instruments and the Distortion of Agricultural Insurance Market

National School of Agricultural Institution and Development, South China Agricultural University, Guangzhou 510642, China

Received Date: 2019-04-24
Available Online: 2021-04-29
Publish Date: 2020-10-28

Abstract

Abstract

This paper aims to analyse the essence of the distortion of the agricultural insurance market.The results show that farmers generally have the risk perception bias, namely, in the face of severe climate risk, they do not necessarily purchase agricultural insurance; the relationship between premium subsidy of agricultural insurance and farmers' purchase of insurance is inverted U-shape; agricultural relief induces farmers' welfare dependence, reducing the promotion effect of premium subsidies on farmers' purchase of agricultural insurance, thus inhibiting the development scale of insurance market. Therefore, the development of agricultural insurance market is required to correct farmers' perception bias of climate risk, and to construct a matching mechanism of policy instruments and insurance market.
- insurance market,
- agricultural relief,
- agricultural subsidies,
- risk perception,
- farmers,
- agricultural risk,
- policy instrument

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References(28)

References

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