Mato Amboage, Rosa, Touza, Julia M. orcid.org/0000-0001-8170-1789 and Soliño, Mario (2022) Understanding farmers preferences towards insurance schemes that promote biosecurity best management practices. International Journal of Disaster Risk Science. ISSN 2192-6395
Abstract
Plant pest and disease outbreaks, which occur with increasing frequency and intensity, cause catastrophic losses and threaten food security in many areas around the world. These impacts are expected to be exacerbated by climate change. Tackling this challenge requires mechanisms that ensure the financial security of farmers while incentivizing private biosecurity efforts to prevent future outbreaks. This study explored crop producers’ preferences for a subsidized insurance scheme as an instrument to manage novel biotic risks. Specifically, we developed a choice experiment to evaluate Spanish growers’ willingness to pay for a crop insurance product that promotes compliance with best biosecurity management practices. Our results show that while growers are willing to pay more for high coverage products that increase the resilience of crops to potential catastrophic outbreaks, there is neither a strong demand for nor widespread availability of such tools. Farmers required reductions in premiums before undertaking risk prevention measures; they are more willing to pay for schemes that link their eligibility to access to ad hoc funds in the eventuality of a catastrophic outbreak than they are to purchase insurance. Our findings also suggest that Spanish growers prefer expanding the eligible risks covered by insurance and envisage a role for insurance in offering biosecurity protection.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Keywords: | Choice experiment,Subsidized insurance,Biosecurity protection,Plant pest risk,Crop insurance,Spain |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Sciences (York) > Environment and Geography (York) The University of York > Faculty of Social Sciences (York) > Social Policy and Social Work (York) > York Environmental Sustainability Institute |
Depositing User: | Pure (York) |
Date Deposited: | 19 Aug 2022 08:20 |
Last Modified: | 08 Feb 2025 00:47 |
Status: | Published |
Refereed: | Yes |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:190151 |
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Filename: 2022_0150.R1_Manuscript.pdf
Description: 2022-0150.R1-Manuscript