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

<table class="table-group" id="tab5"><tr><td><table class="table"><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr class="thead"><td class="align_left">Insurance products</td><td class="align_center">The total number of samples</td><td class="align_center">The number of samples willing to buy</td><td class="align_center">Percentage (%）</td></tr><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr><td class="align_left">60% of total cost product</td><td class="align_center">252</td><td class="align_center">207</td><td class="align_center">82</td></tr><tr><td class="align_left">Total cost product</td><td class="align_center">252</td><td class="align_center">191</td><td class="align_center">76</td></tr><tr><td class="align_left">Output product</td><td class="align_center">252</td><td class="align_center">179</td><td class="align_center">71</td></tr><tr class="table-tr"><td colspan="4"><hr class="tbody-hr"/></td></tr></table></td></tr><tr class="table-fn"><td><div>Note. Percentage = the number of samples willing to buy/the total number of samples.<br/></div></td></tr></table>

<div>Famer participation rate for different products.</div>

Discrete Dynamics in Nature and Society

tab5

Table 5

Table 5: Farmers’ Willingness to Pay a High Premium for Different Types of Agricultural Insurance: Evidence from Inner Mongolia, China 