1Research Scholar, Department of Economics and Sociology, Punjab Agricultural University, Ludhiana-141004, Punjab
2Principal Agricultural Economist, Department of Economics and Sociology, Punjab Agricultural University, Ludhiana-141004, Punjab
3Agricultural Economist, Department of Economics and Sociology, Punjab Agricultural University, Ludhiana-141004, Punjab
Being a risky enterprise, the livestock sector seeks an effective risk-bearing mechanism. So, we devised this study to see the extent of livestock-insurance coverage, determinants for adoption and the factors that influence farmer’s decisions in adopting the livestock-insurance. Primary data were collected from 100 respondents comprising 42 as adopters and 58 as non-adopters. The Logit regression result revealed that the herd size, operational holding, milk yield and income from dairy enterprise are found to be positive and significant in adoption of livestock-insurance in the state. On the other hand, age, education and hospital distance are having a negative effect on the adoption of livestock-insurance from the selected households. Creating public awareness through a coordinated effort of all the stakeholders is needed for popularizing insurance uptake among the farming community. Developing a separate database of dairy animals, broad coverage of diseases would also enhance the adoption of livestock insurance in the state.
Adoption, Insurance, Livestock, Logit model
