Farmers' Agricultural Catastrophe Insurance Demand Analysis and Behavior Research

Abstract

The frequency of agricultural catastrophe in China is very high, and the loss is gigantic. However, the agricultural catastrophe insurance lags behind. Basing on the behavioral economics, this paper analyzes the supply and demand of agricultural catastrophe insurance in China. We surveyed the attitude of agricultural catastrophe insurance about farmers by multistage sampling, and the survey covered 1355 farmers in 28 provinces. Furthermore, we analyzed the risk perception and behavior on multi-logistic model. According to the analysis, most farmers accept agricultural catastrophe insurance, and the government's policy induction can effectively promote the change of attitudes about farmers.