Farmers’ Willingness to Pay a High Premium for Different Types of Agricultural Insurance: Evidence from Inner Mongolia, China

Table 2

Basic situation of the investigated farmers.

Type	Options	No. of observations	Percentage (%)
Age	Below 30	8	3.17
	31∼40	54	21.43
	41∼50	101	40.08
	51∼60	65	25.79
	Above 61	24	9.53
Education level	Primary	100	39.68
	Junior	119	47.22
	High school	28	11.12
	College and above	5	1.98
Profession	Professional farming	137	54.37
	Part-time	115	45.63
Corn planting area (hm2)	Below 1.3	30	11.9
	1.3∼4.7	139	55.16
	4.7∼8	46	18.25
	8∼11.3	18	7.14
	Above 11.3	19	7.55
Net household income (ten thousand yuan)	Below 1.16	28	11.11
	1.16∼2.99	152	60.32
	3.0∼3.99	35	13.89
	Above 4	37	14.68
Labour	Below 2	177	70.24
	Above 3	75	29.76