scholarly journals Can Crop Insurance Encourage Farmers to Adopt Environmentally Friendly Agricultural Technology—The Evidence from Shandong Province in China

2021 ◽  
Vol 13 (24) ◽  
pp. 13843
Author(s):  
Tengda Wei ◽  
Ye Liu ◽  
Ke Wang ◽  
Qiao Zhang
Keyword(s):  
Crop Insurance ◽  
Environmentally Friendly ◽  
Shandong Province ◽  
Agricultural Technology ◽  
Insurance Companies ◽  
Psychological Perspective ◽  
Risk And Uncertainty ◽  
Willingness To Adopt ◽  
Willingness To Use ◽  
Positive Effect

It is critical to encourage farmers to adopt agriculture technology that is beneficial to the environment in the context of the ongoing emphasis on the ecological growth of agriculture, yet risk and uncertainty diminish the incentive to adopt these technologies. This research examines whether crop insurance might affect and increase willingness to adopt Environmentally Friendly Agricultural Technology (EFAT) from a psychological perspective, utilizing data from 219 questionnaires in Shandong Province. The findings suggest that crop insurance can boost readiness to embrace technology in three ways: motivation, ability, and opportunity; however, the positive effect of motivation on farmers diminishes as capacity increases. Insurance companies must offer products that contain the risk of adopting EFAT as an insurance obligation as soon as feasible to successfully boost willingness to use technologies and collaborate with agricultural technology departments to provide farmers with training as well as disaster avoidance services.

scholarly journals Post-Adversities Recovery and Profitability: The Case of Italian Farmers

2019 ◽  
Vol 16 (17) ◽  
pp. 3189 ◽  
Author(s):  
Donatella Porrini ◽  
Giulio Fusco ◽  
Pier Paolo Miglietta
Keyword(s):  
Risk Management ◽  
Agricultural Policy ◽  
Crop Insurance ◽  
Public Support ◽  
Management Policy ◽  
Insurance Companies ◽  
Italian Case ◽  
Positive Effect ◽  
Different Levels ◽  
Natural Calamity

Insurance represents one of the main instruments, together with other risk management mechanisms, to face the adverse effects produced by natural calamity that, despite their growing intensity and the enormous costs, are still perceived as “exceptional”. Risk management is an important part of farming, and it is a concern for those governments which aim at achieving their agricultural policy targets. In this context, crop insurance can also represent a financial mitigation tool for farmers to face climate change consequences. This study is focused on the Italian case analyzing the evolution of public support and its effect on risk management policy in agriculture. Our research, based on panel data regressions, provides two different levels of analysis. The first one evaluates how the reimbursed value issued by insurance companies in favor of agricultural firms, as recovery from natural adversities, affects farmers’ profitability. The second one evaluates how the reimbursed value is used in farm management. The results of the analysis demonstrating the significance of insurance variables and their positive effect on the profitability of the farms, represent a strong advance in the farm risk management field

scholarly journals AGRICULTURAL INSURANCE IN ESTONIA – CURRENT SITUATION AND FARMERS’ WILLINGNESS TO USE CROP INSURANCE

2016 ◽  
Vol 10 (1) ◽  
pp. 122-128 ◽  
Author(s):  
Maire Nurmet ◽  
Katrin Lemsalu ◽  
Anne Põder
Keyword(s):  
Risk Management ◽  
Risk Sharing ◽  
Crop Insurance ◽  
Insurance Companies ◽  
Management Tool ◽  
Agricultural Risk ◽  
Agricultural Insurance ◽  
Production Risk ◽  
Farm Survey ◽  
Willingness To Use

Farmers are strongly exposed to agricultural risks and have to adapt their strategies to the new uncertainties resulting from the changes in the EU agricultural policy. So far, risk sharing strategies in the context of production risk management have received little attention in Estonia. The aim of the paper is to examine the current availability of agricultural insurance in Estonia and the farmers’ attitudes towards insurance as a risk management tool. The analysis is based on a farm survey conducted in 2015. At first, an overview on available insurance products is given. Secondly, farmers’ interest towards insurance and the connection between farm characteristics and the interest, is studied. The results show that availability of agricultural risk management instruments is limited in Estonia. Agricultural insurance includes protection against livestock production risks provided by two insurance companies, and there are no instruments for crop insurance available. The results of farm survey show that farmers’ interest towards crop-yield and crop income insurance is relatively limited. The main reasons cited by the farmers are too high insurance premiums and the lack of trust in the insurance provider honouring the insurance claim. Younger farmers were more interested in insurance.

scholarly journals Rural Financial Development Impacts on Agricultural Technology Innovation: Evidence from China

2021 ◽  
Vol 18 (3) ◽  
pp. 1110
Author(s):  
Yuyu Liu ◽  
Duan Ji ◽  
Lin Zhang ◽  
Jingjing An ◽  
Wenyan Sun
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
Agricultural Development ◽  
Technology Innovation ◽  
Agricultural Technology ◽  
Rural Finance ◽  
Rural Economic Development ◽  
High Degree ◽  
The Impact ◽  
Positive Effect

Agricultural technology innovation is key for improving productivity, sustainability, and resilience in food production and agriculture to contribute to public health. Using panel data of 31 provinces in China from 2003 to 2015, this study examines the impact of rural financial development on agricultural technology innovation from the perspective of rural financial scale and rural finance efficiency. Furthermore, it examines how the effects of rural financial development vary in regions with different levels of marketization and economic development. The empirical results show that the development of rural finance has a significant and positive effect on the level of agricultural technology innovation. Rural finance efficiency has a significantly positive effect on innovation in regions with a low degree of marketization, while the rural financial scale has a significantly positive effect on technological innovation in regions with a high degree of marketization. Further analysis showed that improving the level of agricultural technology innovation is conducive to rural economic development. This study provides new insights into the effects of rural financial development on sustainable agricultural development from the perspective of agricultural technology innovation.

scholarly journals Post-COVID-19 travel behaviour patterns: impact on the willingness to pay of users of public transport and shared mobility services in Spain

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Samir Awad-Núñez ◽  
Raky Julio ◽  
Juan Gomez ◽  
Borja Moya-Gómez ◽  
Julián Sastre González
Keyword(s):  
Willingness To Pay ◽  
Public Transport ◽  
Nationwide Survey ◽  
Travel Behaviour ◽  
Revealed Preferences ◽  
Trip Purpose ◽  
Willingness To Adopt ◽  
Shared Mobility ◽  
Considerable Impact ◽  
Willingness To Use

Abstract Background The COVID-19 crisis has meant a significant change in the lifestyle of millions of people worldwide. With a lockdown that lasted almost three months and an impulse to new normality, transport demand has suffered a considerable impact in the Spanish case. It is mandatory to explore the effect of the pandemic on changes in travel behaviour in post-COVID-19 times. Methodology A nationwide survey was carried out during the lockdown in Spring 2020 to overview the recent changes. The survey collected both stated preferences (socio-demographic characteristics and mobility-related attributes), and revealed preferences (individuals’ habits, especially in the frequency of the trips according to the trip purpose, and opinions regarding the willingness and acceptability of these changes, and which actors would have to drive them, and how) of individuals. This paper aims to study and understand the willingness to adopt a set of measures to improve the safety conditions of public transport and shared mobility services against possible contagion from COVID-19 and the willingness to pay for them. Results The results obtained show that some measures, such as the increase of supply and vehicle disinfection, result in a greater willingness to use public transport in post-COVID-19 times. Similarly, the provision of covers for handlebars and steering wheels also significantly increases individuals’ willingness to use sharing services. However, respondents expect that these measures and improvements would be implemented but maintaining the same pre-COVID-19 prices. The results of this research might help operators deploy strategies to adopt their services and retain users.

Exploring the Impact of Demographic Factors on E-Government Services Adoption

2018 ◽  
Vol 31 (3) ◽  
pp. 1-16 ◽  
Author(s):  
Isaac Kofi Mensah ◽  
Jianing Mi
Keyword(s):  
Demographic Factors ◽  
Data Capture ◽  
Demographic Factor ◽  
Government Services ◽  
Gender And Education ◽  
Adoption And Implementation ◽  
Willingness To Adopt ◽  
Willingness To Use ◽  
The Impact ◽  
Data Capture And Analysis

The purpose of this article is to investigate the impact of demographic factors on the adoption of e-government services. Specifically, this article sought to examine the extent to which demographic factors such as age, gender and education would influence the willingness to adopt and use e-government services. The data capture and analysis was done with SPSS. The results indicate that age as a demographic factor was significant in determining the willingness of citizens to use e-government services. The results, however, showed that gender and education as demographic factors were not positively significant in predicting the willingness to use e-government services. The implications of these findings on the adoption and implementation of e-government are further discussed.

scholarly journals Determinants of the Solvency of Insurance Companies in Palestine

2019 ◽  
Vol 10 (6) ◽  
pp. 188
Author(s):  
Yousef Abdel Latif Abdel Jawad ◽  
Issam Ayyash
Keyword(s):  
Quantitative Analysis ◽  
Panel Data ◽  
Fixed Effects ◽  
Financial Statements ◽  
Insurance Companies ◽  
Insignificant Effect ◽  
Analysis Methods ◽  
Negative Effect ◽  
The Relationship ◽  
Positive Effect

The study aimed to investigate the factors that affect the solvency of the insurance companies in Palestine and to highlight the nature and strength of the relationship between liquidity, investment, leverage, claims and the solvency of the insurance companies in Palestine.To achieve the objectives of the study, the descriptive and quantitative analysis methods were used in the study. Based on the data of the financial statements of seven insurance companies (out of 9 companies) and by using regression of fixed effects of panel data for 2010-2017, the study found that the claims have a positive effect on the financial solvency and leverage has a negative effect on the solvency of insurance companies in Palestine, while investment and liquidity have an insignificant effect on financial solvency.

EFFECT OF PENETRATION PRICING STRATEGY ON THE PROFITABILITY OF INSURANCE FIRMS IN KENYA.

2017 ◽  
Vol 2 (3) ◽  
pp. 93
Author(s):  
Perminus Kariuki Nyaga ◽  
Mr. Wilson Muema
Keyword(s):  
Pricing Strategy ◽  
Insurance Companies ◽  
Primary Data ◽  
Pricing Strategies ◽  
Descriptive Research ◽  
Research Designs ◽  
The Status ◽  
Insurance Firms ◽  
Product Costs ◽  
Positive Effect

Purpose: The objectives of the study were to establish the To determine the effect of penetration pricing strategy on the profitability of insurance firms in Kenya.Methodology:The descriptive research design was preferred to other research designs because it reports the status of study variables. The population of study was the 45 insurance companies operating in Kenya as at 31st December 2012. Data was drawn from a period of five (5) years that is 2008-2012. The sample of this study was 10% of the sales workforce which comprised of 900 employees from the 45 insurance companies. The sample was generated by purposively sampling two employees from each insurance company.The researcher collected primary data with the help of a questionnaire. The primary data obtained from the questionnaires was summarized and analyzed by use of descriptive and inferential statistical techniques.Results:Regression and correlation results indicated that there was a statistically significant and positive relationship between penetration pricing strategies and profitability. These results implied that penetration pricing has a positive effect on the profitability of insurance companies.Policy recommendation: The study recommends that insurance companies put in place measures assess the most effective pricing strategy to reduce product costs and thus increase profitability whenever such a strategy is used.

scholarly journals Effect of Utilitarian Benefit on Green Brand Equity with Green Brand Image

2019 ◽  
Vol 23 (2) ◽  
pp. 306
Author(s):  
Ian Nurpatria Suryawan
Keyword(s):  
Brand Equity ◽  
Brand Loyalty ◽  
Mineral Water ◽  
Brand Image ◽  
Environmentally Friendly ◽  
Environmental Damage ◽  
Environment Friendly ◽  
Men And Women ◽  
Safe Environment ◽  
Positive Effect

The concept of Green Brand Equity (GBE) is a benchmark in determining the degree of value accumulated by green brands based on the function of green products. Many people use mineral water that is taken directly from the packaging and realize to use environmentally friendly mineral water packaging. The packaging must be easily recycled. Results shows Utilitarian Benefit (UB) has a positive effect on Green Brand Equity (GBE) mediated by Green Brand Image (GBI) based on Gender, which men and women have almost concerning for environment friendly packaging. The reason is the environment damage such as environmental pollution includes water pollution, air pollution, environmental damage eg.forest damage, erosion that causes flooding, damage to coral reefs to global warming. The effectiveness of Green Brand Equity (GBE) enhance Green Brand Image (GBI) and brand loyalty including insight environmentally friendly packaging is important to keep the safe environment

scholarly journals KEPUTUSAN PEMBELIAN DALAM MEMEDIASI GREEN PROMOTION DAN GREEN PRICE TERHADAP KEPUASAN KONSUMEN

2020 ◽  
Vol 10 (1) ◽  
pp. 1-17
Author(s):  
Dian Palupi
Keyword(s):  
Customer Satisfaction ◽  
Significant Influence ◽  
Consumer Satisfaction ◽  
Sampling Method ◽  
Environmentally Friendly ◽  
Direct Influence ◽  
Purchasing Decisions ◽  
Positive Effect

Abstrak                                                              Penelitian ini bertujuan untuk menguji promosi ramah lingkungan (green promotion) dan harga dari produk ramah lingkungan terhadap kepuasan konsumen serta meneliti keputusan pembelian sebagai variabel yang memediasi promosi dan harga produk ramah lingkungan terhadap kepuasan konsumen. Sampel penelitian ini berjumlah total 135 orang mahasiswa. Sampel diambil dengan metode accidental sampling. Hasil penelitian ini menunjukkan bahwa bahwa green promotion yang berwawasan lingkungan memiliki pengaruh langsung terhadap keputusan pembelian. Harga premium berpengaruh positif terhadap keputusan pembelian. Keputusan pembelian memiliki pengaruh secara signifikan terhadap kepuasan konsumen pada produk ramah lingkungan. Keputusan pembelian terbukti sebagai variabel yang memediasi pengaruh promosi dan harga dari produk ramah lingkungan terhadap kepuasan pembelianKata kunci : green promotion, green price, kepuasan konsumen, keputusan pembelian  AbstractThis study aims to examine the promotion of environmentally friendly (green promotion) and the price of environmentally friendly products on consumer satisfaction and examine purchasing decisions as a variable that mediates promotions and prices of environmentally friendly products on consumer satisfaction. The sample of this study totaled 135 students. Samples were taken by accidental sampling method. The results of this study indicate that green environmental promotion has a direct influence on purchasing decisions. Premium prices have a positive effect on purchasing decisions. Purchasing decisions have a significant influence on customer satisfaction on environmentally friendly products. Purchasing decisions are proven as variables that mediate the influence of promotions and prices of environmentally friendly products on purchase satisfactionKeywords : : green promotion, green price, customer satisfaction, buying decision 

scholarly journals Rice crop insurance in Indonesia: adaptation to climate and farm production support

2021 ◽  
Vol 892 (1) ◽  
pp. 012076
Author(s):  
D Kusumaningrum ◽  
K Aldyan ◽  
V A Sutomo ◽  
D Saraswati ◽  
G Ariyan ◽  
...  
Keyword(s):  
Crop Insurance ◽  
Group Discussion ◽  
Rice Crop ◽  
Insurance Companies ◽  
Integration Scheme ◽  
Insurance Premiums ◽  
Local Agriculture ◽  
Financing Costs ◽  
Loan Risk ◽  
The Government

Abstract Indonesia’s Rice Crop Insurance (AUTP) scheme has successfully protected farmers from significant crop losses due to natural disasters. However, the current amount of AUTP’s compensation is still unable to accommodate farmer’s financing costs (i.e., unpaid micro-loan and its interests) to support crops production. This results in higher micro-loan risk and hinder the sustainability of farming enterprises. In this regard, the existing People’s Business Credit (KUR) should supposedly be accessible as a micro-loan source to help farmers fund their farms. This study has two objectives: (1) formulate an integration scheme between KUR and AUTP, and (2) determine the appropriate insurance premiums to meet the farmer’s operational and financing costs. This research used 100,000 Monte Carlo Simulations using lognormal distributions with assumptions based on the results of focus group discussion and in-depth interviews with farmer groups, the local Agriculture Service, and micro-loan distributors, as well as the data from the Ministry of Agriculture from the period of 2018–2020. Additionally, Individual Area Yield Index (I-AYI) policy and loss ratio is used to determine and evaluate the new integrated crop insurance premiums. The study revealed that the farmers expect affordable, accessible, and beneficial insurance products with premium subsidies bundled with KUR. Therefore, the government should develop an integration of crop insurance with KUR and determine the affordable premium calculations along with the insurance companies. Based on the simulation results, the total pure premium is estimated around IDR 1 million for a minimum KUR loan of IDR 8 million (suitable for farming costs).

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