Table 6 Marginal effects of the subsidy... | Emerald Publishing

Table 6

Marginal effects of the subsidy rate change on the LRP policies being purchased

Subsidy rate change	Coverage <89.99%	Coverage 90%–94.99%	Coverage >95%
Fed cattle
Ln(expected price)	−0.2906	0.3106	−0.0200
2019 subsidy change	0.0276	−0.0195	−0.0080
2020 subsidy change	0.0425	−0.1437	0.1012
Feeder cattle
Ln(expected price)	−0.0296***	0.0372**	−0.0075
2019 subsidy change	−0.0150***	−0.0655***	0.0805***
2020 subsidy change	−0.0227***	−0.0837***	0.1064***

Subsidy rate change	Coverage <89.99%	Coverage 90%–94.99%	Coverage >95%
Fed cattle
Ln(expected price)	−0.2906	0.3106	−0.0200
2019 subsidy change	0.0276	−0.0195	−0.0080
2020 subsidy change	0.0425	−0.1437	0.1012
Feeder cattle
Ln(expected price)	−0.0296***	0.0372**	−0.0075
2019 subsidy change	−0.0150***	−0.0655***	0.0805***
2020 subsidy change	−0.0227***	−0.0837***	0.1064***

Note(s): *, **, *** represent significance at the 10%, 5% and 1% levels, respectively

Source(s): Authors’ own work based on data analysis