Table 4 Intensity of agricultural... | Emerald Publishing

Table 4

Intensity of agricultural insurance coverage (Heckman two-step)

Variable	Selection probit (Aware = 1)	OLS outcome (insured amount, FCFA)
Age (decades)	−0.015** (0.006)	−0.42 (0.31)
Education (years)	0.087*** (0.020)	2.11** (0.94)
Radio access (yes = 1)	0.341*** (0.078)	[excluded]
Extension contact (yes = 1)	0.269*** (0.060)	6.87* (3.62)
Cooperative membership (yes = 1)	0.312*** (0.072)	8.45** (3.89)
Farm size (log ha)	0.124* (0.067)	0.397*** (0.101)
Agricultural income (k FCFA)	0.002** (0.001)	0.034*** (0.012)
Credit access (yes = 1)	0.289** (0.112)	0.574*** (0.185)
Perceived climate risk (1–5)	0.098* (0.045)	0.228** (0.092)
Recent climate shock (yes = 1)	0.156** (0.061)	0.312* (0.164)
Distance to services (km)	−0.045*** (0.012)	[exclusion restriction]
Inverse Mills ratio (IMR, λ)	–	−0.482** (0.197)
Constant	−0.891*** (0.187)	1.126*** (0.293)

Variable	Selection probit (Aware = 1)	OLS outcome (insured amount, FCFA)
Age (decades)	−0.015** (0.006)	−0.42 (0.31)
Education (years)	0.087*** (0.020)	2.11** (0.94)
Radio access (yes = 1)	0.341*** (0.078)	[excluded]
Extension contact (yes = 1)	0.269*** (0.060)	6.87* (3.62)
Cooperative membership (yes = 1)	0.312*** (0.072)	8.45** (3.89)
Farm size (log ha)	0.124* (0.067)	0.397*** (0.101)
Agricultural income (k FCFA)	0.002** (0.001)	0.034*** (0.012)
Credit access (yes = 1)	0.289** (0.112)	0.574*** (0.185)
Perceived climate risk (1–5)	0.098* (0.045)	0.228** (0.092)
Recent climate shock (yes = 1)	0.156** (0.061)	0.312* (0.164)
Distance to services (km)	−0.045*** (0.012)	[exclusion restriction]
Inverse Mills ratio (IMR, λ)	–	−0.482** (0.197)
Constant	−0.891*** (0.187)	1.126*** (0.293)

Note(s): ***p < 0.01, **p < 0.05, *p < 0.10 (SE bootstrapped, 200 reps)

Source(s): Authors’ calculations