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~isPartOf:"Journal of Agribusiness"
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Agribusiness
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Livestock Production/Industries
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Personal interviews were conducted with 52 Louisiana cow-calf producers to determine their preferences for a livestock revenue insurance (LRI) product. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. Two-limit tobit models were estimated. Producers were segmented using cluster analysis based upon preferences for LRI product attributes. A multinomial logit model was used to determine differences between characteristics of producers in each cluster. Producers generally preferred higher-premium
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and an in-person method of marketing. Cluster analysis yielded three groups of preferences
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Journal of Agribusiness
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Preferences for Livestock Revenue Insurance Among Beef Producers
Fields, Deacue
;
Gillespie, Jeffrey M.
- In:
Journal of Agribusiness
25
(
2007
)
1
based
upon
preferences for LRI product attributes. A multinomial logit model was used to determine differences between …
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