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

Table 7

Maximum premium WTP level of farmers in different products.

WTP level	60% of total cost product	Total cost product	Output product
Average of observations	10.257	13.245	14.891
Expected value	10.256	13.221	14.891
Heckman simulation	9.46	11.83	13.22