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ORIGINAL RESEARCH article
Front. Sustain. Food Syst.
Sec. Agricultural and Food Economics
Volume 8 - 2024 |
doi: 10.3389/fsufs.2024.1365536
Study on the Impact of Climate Risk on the Agricultural Insurance Purchasing Behaviour of Herding Households -An Empirical Analysis Based on Inner Mongolia
Provisionally accepted- 1 Inner Mongolia Agricultural University, Hohhot, Inner Mongolia Autonomous Region, China
- 2 Baotou Teachers' College, Baotou, China
The analysis of herding households' agricultural insurance purchasing behavior under climate risk can help improve the agricultural insurance system in pastoral areas in China. By constructing an analytical framework of "climate change, risk perception and herding households' agricultural insurance purchase decision", an empirical analysis was conducted by matching 764 herding households' survey data and meteorological data from 2019 to 2023 in different grassland types in Inner Mongolia. The study shows that, first, climate change, especially abnormal fluctuations in precipitation, triggers yield losses and induces loss aversion among herding households, which translates into agricultural insurance purchasing behavior. Second, as herding households are divided into production herding households and subsistence herding households, the impact of climate risk on production herding households' agricultural insurance purchase decisions is more pronounced than that of subsistence herding households. Third, from the perspective of the mechanism of climate change on the agricultural insurance purchasing behavior of production-oriented herding households, climate risk mainly influences herding households' agricultural insurance purchase through their risk perception. Therefore, with the intensification of global climate change, while further stimulating the agricultural insurance purchasing demand of living herding households through differentiated premium subsidy policies in the future, it is necessary to further enhance the risk perception level of herding households by strengthening the construction of weather forecasting and agricultural and livestock risk data sharing platform, so as to transform the external changes in climate risk into the intrinsic motivation of herding households' agricultural insurance purchasing behaviours, and to enhance the herding households' Climate risk coping capacity of herdsmen.
Keywords: Climate risk, Risk Perception, Risk Management, Agricultural insurance, Herding behavior
Received: 15 Jan 2024; Accepted: 17 Jul 2024.
Copyright: © 2024 Zhao and Chen. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence:
Xiao-long Chen, Inner Mongolia Agricultural University, Hohhot, Inner Mongolia Autonomous Region, China
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Yuan-feng Zhao
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