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February 27, 2026Canadian Journal of Animal Science

Factors Affecting the Adoption of Livestock Price Insurance by Cow-Calf Producers

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Authors

RZRebecca ZanelloUniversity of SaskatchewanHWHanna WeflenUniversity of SaskatchewanEMEric T. MicheelsUniversity of Saskatchewan

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Implication

Analysis reveals factors influencing adoption of livestock price insurance in cow-calf producers, suggesting targeted interventions may boost participation.

Key Points

  • The objective is to analyze factors that influence the adoption of livestock price insurance among cow-calf producers in western Canada.
  • Analyzed survey data from 336 western Canadian cattle producers.
  • Utilized a logit model to assess adoption likelihood.
  • Examined reasons for non-adoption among producers.
  • Producers with large herd sizes and risk-averse characteristics are more likely to adopt LPI.
  • Mixed producers with significant crop production are less likely to adopt LPI.
  • Cost of LPI is the primary barrier to participation, followed by program complexity and limited indemnities.

Cite This Study

Zanello et al. (2026) studied this question.

synapsesocial.com/papers/69a1352fed1d949a99abed7chttps://doi.org/10.1139/cjas-2025-0102
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Also Consider

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  1. 1Beef Producer Preferences and Purchase Decisions for Livestock Price Insurance2008 · 20 citations
  2. 2Farm Support Payments and Risk Balancing: Implications for Financial Riskiness of Canadian Farms2014 · 32 citations
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  4. 4To Risk or Not to Risk? Risk Management and Farm Productivity2019 · 78 citations
  5. 5Price Volatility Spillovers in the Western Canadian Feed Barley, U.S. Corn, and Alberta Cattle Markets2017 · 15 citations