Willingness to take agricultural insurance by cocoa farmers in Nigeria.

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dc.contributor.authorFalola, A.
dc.contributor.authorAyinde, O. E.
dc.contributor.authorAgboola, B. O.
dc.date.accessioned2019-10-18T08:53:59Z
dc.date.available2019-10-18T08:53:59Z
dc.date.issued2013
dc.description.abstractThis study examines willingness to take agricultural insurance by cocoa farmers in Nigeria. A three-stage sampling procedure was used to select 120 cocoa farm households and structured questionnaire was used to elicit data from the respondents. The data were analysed with descriptive statistics and probit regression model. Results showed that 77.5% of the farmers were aware of Agricultural Insurance but only 50% were willing to take it. The average willingness-to-pay (WTP) for Agricultural Insurance by the respondents was N11,087.5/ha ($69.85/ha). The significant variables influencing willingness to take agricultural insurance by the farmers were age of household head, educational level, access to extension service and farm income. The study therefore recommends encouraging young well educated people to engage in cocoa farming, overhauling agricultural extension services as well as provision of insurance services to farmers at affordable rate.en_US
dc.identifier.citation33. Falola, A., Ayinde, O. E. & Agboola, B. O. (2013): Willingness to take agricultural insurance by cocoa farmers in Nigeria. International Journal of Food and Agricultural Economics, 1(1):97-107. Published by Department of Economics, Faculty of Economics and Administrative Sciences, Niğde University, Niğde/ Turkey. Available online at http://www.foodandagriculturejournal.com/97.pdf.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/2760
dc.language.isoenen_US
dc.publisherDepartment of Economics, Faculty of Economics and Administrative Sciences, Niğde University, Niğde/ Turkey.en_US
dc.subjectAverage willingness to payen_US
dc.subjectcocoaen_US
dc.subjectinsuranceen_US
dc.subjectwillingness to takeen_US
dc.subjectaffordable rateen_US
dc.titleWillingness to take agricultural insurance by cocoa farmers in Nigeria.en_US
dc.typeArticleen_US

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