..., etc. The findings indicate that bounded rationality is a relevant determinant of the “reluctance to switch”. Originality/value Complementing research on the decision making of lenders, this paper studies the demand side of the agricultural credit market. Two research questions are examined which...

... savvy to choose the correct investment vehicles or who have not the discipline to allocate money voluntarily for retirement. Until now, most of the empirical and normative research on farmers' retirement plans has focused on specific elements of decision making and the general problems in retirement...

... should be incorporated into future studies on this topic. The timeliness of claims payments, as well as the farmer's level of satisfaction with the claims adjustor and claims process may factor into the decision‐making process. Practical implications Illinois farmers and crop insurance agencies could...