Factors Influencing Purchase of the Crop Insurance : The Case of Rice Farms
2015
Lee, J.H., Sunchon National University, Suncheon, Republic of Korea | Song, K.H., Sunchon National University, Suncheon, Republic of Korea
This thesis has analyzed the determination factor for the crop insurance of rice focused on paddy rice. The analysis on each farmer has been used with integrated probit model and random effects probit model. It has shown in the analysis result of determination factor for buying the crop insurance of paddy rice farmer through integrated probit model and random effects probit model that the higher age, degree of education, cultivated area, and amount of received insurance money and the lower in a number of family member have revealed the higher possibility to buy the crop insurance in the integrated probit model. While the random effects probit model has shown a higher possibility to buy the crop insurance as the higher age, cultivated area, and amount of received insurance money.
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