Journal of country lore
Vol. 3, No. 4; December 2011
canvass the Interest of Farmers and Insurance Companies in Farm Insurance: The courtship of Cocoa Farmers in Sekyere West Municipal of gold coast
Fred Nimoh Department of plain Economics, Agribusiness and Extension Kwame Nkrumah University of Science and Technology (KNUST) University Post Office, Kumasi, Ghana Tel: 233-244-111-754 E-mail: frediemoh@yahoo.com
Kwadwo Baah Department of Agricultural Economics, Agribusiness and Extension Kwame Nkrumah University of Science and Technology (KNUST) University Post Office, Kumasi, Ghana Tel: 233-246-649-110 E-mail: bryanfoxcon112@yahoo.com
Enoch Kwame Tham-Agyekum (Corresponding Author) Department of Agricultural Extension, University of Ghana, Legon, Accra, Ghana Tel: 233-266-699-776 Received: February 24, 2011 doi:10.5539/jas.v3n4p126 Abstract The study examined sake of fireers and insurance companies in farm insurance. The sample consisted of 110 respondents; c farmers and 10 insurance companies. The Probit model was used to analyse the aftermath of factors affecting the willingness of cocoa farmers to accept farm insurance. All of the respondents had of all time heard of one or more types of insurance whiles 32% had knowledge of farm insurance.
About 87% indicated their interest in farm insurance. The t-statistic results showed that other occupation of farmer (-0.200, p=0.097), farm size (1.96, p = 0.050) and owner of land for farming (-0.41, p = 0.011) significantly affected willingness to accept farm insurance policies. For a realistic farm insurance policy, it is recommended that land availability for farmers essential be largely considered. Keywords: Cocoa, Farmers, Insurance, Interest, Willingness to accept 1. Introduction Agriculture contributes an add up of 36.1% to Ghanas GDP, employs about 70% of the working force and contributes 50% of the countrys foreign exchange wampum (Ayisu, 2008). The cocoa sector contributes...If you want to get a bounteous essay, order it on our website: Orderessay
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