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| Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China |
ZHANG Yan-yuan1, JU Guang-wei2, ZHAN Jin-tao3 |
1 College of Economics and Management, Nanjing Forestry University, Nanjing 210037, P.R.China
2 Chinese Academy of Agricultural Sciences, Beijing 100081, P.R.China
3 College of Economics and Management, Nanjing Agricultural University, Nanjing 210095, P.R.China |
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Abstract Purchasing agricultural insurance and joining agricultural cooperatives are two prevalent instruments used by farmers in China for dealing with agricultural risks. Data from 443 swine farmers in Jiangsu and Henan provinces of China were collected. Factors affecting the farmers’ decision to purchase agricultural insurance and join agricultural cooperatives were assessed. The possibility of simultaneous use of both instruments and the potential correlation between these two decisions was considered as well. Results showed that the farmers’ decision to use agricultural insurance and cooperatives was positively correlated, indicating that farmers who purchased agricultural insurance which mainly used to mitigate production risks were more likely to join agricultural cooperatives which more used to share market risks, and vice versa. Farmers’ knowledge of swine insurance and trust in the local government positively impacted the purchase of agricultural insurance, while education, years involved in swine production and scale of swine production positively impacted farmers joining agricultural cooperatives.
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Received: 28 March 2019
Accepted:
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| Fund: This paper was supported by the National Natural Science Foundation of China (71673139), the Humanities and Social Science Youth Foundation of the Ministry of Education of China (19YJC790186) and the Project of Philosophy and Social Science in the Colleges and Universities of the Jiangsu Province, China (2018SJA0133). |
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Corresponding Authors:
Correspondence ZHAN Jin-tao, E-mail: jintao.zhan@njau.edu.cn
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| About author:
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Cite this article:
ZHANG Yan-yuan, JU Guang-wei, ZHAN Jin-tao.
2019.
Farmers using insurance and cooperatives to manage agricultural risks: A case study of the swine industry in China. Journal of Integrative Agriculture, 18(12): 2910-2918.
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