Abstract
Cattle farmers in Gunungkidul Regency face several cattle diseases such as Helminthiasis, Anthrax, Downer Cow Syndrome, and Intoxication in which these diseases mostly attack female cows. To prevent financial loss for the farmers, the government facilitates them with cattle insurance. This study aims to determine the reasons and the cattle farmers’ willingness-to-pay for the cattle insurance by conducting a survey addressed to 100 cattle farmers and identifying the factors related to it. This study used a Contingent Valuation Method in estimating the cattle farmer's WTP. The various factors that influence the farmer's WTP were analyzed by using natural logarithm regression models. Based on the results of the study, it was found that the willingness-to-pay for cattle farmers who did not participate in cattle insurance are 22,600 IDR and farmers who participate in cattle insurance are 36,320 IDR. Education, household income, and farmers’ interest in the insurance were positively effecting toward the farmers' willingness-to-pay. However, age and the number of families showed the negative ones toward the farmers’ willingness-to-pay.
Highlights
Livestock products are increasing and the worldwide meat production will double increase from 258 to 455 million tons (Rojas-Downing et al, 2017; Wright et al, 2012)
The willingness to pay by farmers who do not participate in cattle insurance is lower than those who do
Cattle farmers who participated in livestock insurance stated the reason they participated in cattle insurance is the risk of death of livestock, follow other farmers, and livestock insurance provides them a sense of security
Summary
Livestock products are increasing and the worldwide meat production will double increase from 258 to 455 million tons (Rojas-Downing et al, 2017; Wright et al, 2012) This growing demand is both an opportunity and a challenge for the sustainability of the livelihoods of more than one billion cattle farmers (Escarcha et al, 2018). In Gunungkidul Regency, the diseases that are often faced by cattle farmers and require special handling are Helminthiasis, Anthrax, Downer Cow Syndrome, Bovine Ephemeral Fever, Indigestion, and Intoxication. This happens because the Corresponding author : Email. In 2016, 114 | Amelia Dwi Nugrahaini et al, Determinant Factors for Cattle Insurance
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