Index-based pasture insurance

Data were collected between May and July 2021. It covered 110 subsistence farmers, a relatively small sample size due to the South African government lockdown regulations due to the global Covid19 pandemic. Data included loss and risk aversion attitude, demographics,  perception of drought management by farmers and choice experiment for index-based insurance. After successfully capturing and cleaning the data, R-statistical software was used to analyse data, specifically, the Apollo packages, a tool for choice model estimation and application.

数据收集时间介于2021年5月至7月之间。由于全球COVID-19大流行期间南非政府实施的封锁规定，样本量相对较小，涵盖了110位自给自足的农民。数据内容涵盖损失规避态度、人口统计学特征、农民对干旱管理认知以及基于指数的保险的选择实验。在成功捕捉并清洗数据后，利用R统计软件进行分析，具体而言，采用了Apollo软件包，该软件包是用于选择模型估计与应用的工具。