Empirical Analysis of Farmers’ Winterkill Risk Perception
Empirical Analysis of Farmers’ Winterkill Risk Perception

Author(s): Monika Kaczała
Subject(s): Business Economy / Management, Agriculture
Published by: Masarykova univerzita nakladatelství
Keywords: winterkill; risk perception; risk management; agriculture risk; natural hazard;
Summary/Abstract: Some studies have shown that personal risk perception influences risk attitudes of farmers as well as the type of risk management strategy undertaken. For this reason, identification of the structure of perceived risk and the formation of farmers’ risk perceptions is crucial both for designing a government risk management policy applicable in the agriculture sector and for suppliers of risk management tools as it affects demand for insurance. The aim of this research is to investigate the perception of winterkill risk among Polish farmers, the factors which have an impact on this perception and the impact of acceptable (normal) and catastrophic event on risk perception. Statistical analysis, logit models were applied for analysing the representative poll taken in March 2012 in Poland (750 respondents) with the use of the CATI methodology. Preliminary results show that farmers’ winterkill risk perception is affected mostly by farmer’s loss experience. The structure of answers on risk perception depends also on the nonacceptable loss level.

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