Abstract
ABSTRACT Crop insurance has been divided into comprehensive (all-risk) and hail insurance and these have been analysed separately. A discriminant analysis of 82 farmers surveyed in the Highveld Region during July and August 1987 indicates that it is the farmer more exposed to risk, with lower liquidity, greater experience and more debt, who insures comprehensively. The latter producer also tends to have an unfavourable return on assets with a small or nonexistent livestock enterprise. With respect to hail insurance, results indicate that it is the older farmer with low gross farm and off-farm income that tends to insure. Further insight into economic forces influencing farmer participation is important as it may aid policy-makers in the adjustment of present and the formation of future policies regarding such risk management strategies as crop insurance.
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