Determinants of Taking out Insurance Against Losses in Agricultural Production in Poland

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Piotr Sulewski
Anna Kłoczko-Gajewska


Keywords : agricultural insurance, risk in agriculture, farmers’ risk aversion
Abstract
Insuring agricultural production is one of the main tools of risk management in agriculture. In Poland it is still not popular, despite subsidies from the state budget. The paper tries to present determinants of farmer’s participation in the insurance system. The analysis covered over 400 crop and mixed farms. The research was carried out in 2012 and refers to events that occurred between 2005 and 2011. It was revealed that reasons for taking out insurance are rather complex. The probability of buying insurance rises sharply if the farmer had faced significant loss in the past.

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How to Cite
Sulewski, P., & Kłoczko-Gajewska, A. (2014). Determinants of Taking out Insurance Against Losses in Agricultural Production in Poland. Annals of Agricultural Economics and Rural Development, 101(4), 127–135. https://doi.org/10.22630/RNR.2014.101.4.60
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