Insured and non-insured livestock farmers’ perceptiontoward livestock insurance- a case study ofFaisalabad-Pakistan

Journal of Livestock Science

article

M.H. Mahboob¹  Q.M. Rehman¹  K. Hamid²  M.Y. Saeed³ 

[1]Institute of agriculture and resource economics, university of agriculture Faisalabad

[2]Institute business management sciences, university of agriculture Faisalabad

[3]Preston University Islamabad

关键词: Livestock farmers;    livestock insurance;    Pakistan;   

DOI  :  10.33259/JLivestSci.2019.48-52

学科分类：农业科学（综合）

来源: Journal of Livestock Science

【 摘 要 】

In Pakistan insurance markets regarding livestock insurance are not working efficiently as compare to othercountries. Major concern is lack of awareness in livestock farmers (LFs) which been not adopted correctly inPakistan from last 30 years. Through livestock’s farming; many risks that can reduce the productivity of LFs; likediseases, natural disasters, theft risks, climatic conditions and peril hazards. The main ambition of this study was tostudy the socio-economic characteristics of LFs as well as to check their level of willingness to pay (WTP) forlivestock insurance in district Faisalabad. To achieve the objectives of this study, primary data were collected fromlivestock farmers through a well-designed questionnaire. Data were collected from 300 livestock farmers (insured &non-insured equally) through convenient sampling from districts (7) Faisalabad in the months of January to March2018. Contingent valuation method was employed for WTP and dichotomous (YES/NO) and premium level wasused to assess the WTP. Mostly insured farmers were approached through insured companies and banks. Threeinsurance companies were working in Faisalabad right now; namely, Jubilee General Insurance Company Limited,Adamjee Insurance Company Limited and United Insurance Company Limited. For descriptive analysis andeconometrics analysis, MS-Excel and SPSS software were used respectively. Majority of the livestock farmers hadcows and buffalos. Binary logistic regression model was used for the estimation of WTP of the LFs. The results ofthe study showed; majority of the LFs were matured in the age and having low level of education and were satisfiedregarding income level. The results indicated that; age, education and land holding were significant determinants ofWTP. On the basis of results; valuable policies were suggested. Awareness regarding livestock insurance bylivestock management authorities and government through electronic media and other sources are much importantfor the livestock farmers to increase their productivity.

【 授权许可】

Unknown