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Land trusteeship is an innovative agricultural management model that connects smallholder farmers with modern agriculture. It promotes large-scale agricultural operations, but still faces the impacts of conventional natural disasters. Although agricultural disaster insurance serves as a critical mechanism for farmers to mitigate these natural risks, its risk-mitigation potential remains underutilized due to the persistent challenge of low insurance participation rates. This study develops a decision-making model for farmers’ purchase of agricultural disaster insurance under land trusteeship, drawing on protection motivation theory, market failure theory, and quasi-public goods theory. Using structural equation modeling, we empirically analyze survey data from 319 land-trusteed farmers to uncover the mechanisms and pathways influencing their insurance purchase decisions. The results indicate that: (1) Vulnerability and severity are positively associated with protection motivation through perceived response efficacy and self-efficacy, and protection motivation is directly associated with purchase decisions; (2) Government support has both direct and indirect effects on purchase behavior; and (3) Individual and household characteristics are significantly associated with purchase decisions, with pure farmers, Type I part-time farmers, and farmers with larger landholdings tending to purchase agricultural disaster insurance more often.
Xiao et al. (Sat,) studied this question.