Preferences for Livestock Revenue Insurance Among Beef Producers

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dc.creatorFields, Deacue
dc.creatorGillespie, Jeffrey M.
dc.date2017-04-01T19:50:21Z
dc.date.accessioned2026-07-09T05:13:08Z
dc.descriptionPersonal interviews were conducted with 52 Louisiana cow-calf producers to determine their preferences for a livestock revenue insurance (LRI) product. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. Two-limit tobit models were estimated. Producers were segmented using cluster analysis based upon preferences for LRI product attributes. A multinomial logit model was used to determine differences between characteristics of producers in each cluster. Producers generally preferred higher-premium, zero-deductible products; 180-day policy length; the state price series; and an in-person method of marketing. Cluster analysis yielded three groups of preferences
dc.identifierOther:0738-8950
dc.identifierdoi:10.22004/ag.econ.62288
dc.identifierhttps://ageconsearch.umn.edu/record/62288/files/JAB_Spr07__07_pp93-105.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/62288
dc.identifier.urihttp://hdl.handle.net/123456789/560638
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/62288
dc.titlePreferences for Livestock Revenue Insurance Among Beef Producers
dc.typeText

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University of Minnesota