o:28407 Farmers' willingness to purchase crop insurance: evidence from wheat and raspberry sectors in Serbia en Abstract: Crop insurance is widely acknowledged to be a valuable instrument contributing to sustainability of agriculture by reducing the risks associated with crop production and by stabilizing farmers' income. Despite the importance of the agricultural sector for the Serbian economy, level of crop insurance development is low. Therefore, there is a need to identify which characteristics most affect a farmer's decision regarding whether or not to use this type of insurance. In this study, a sample of 255 farmers producing wheat and raspberry in the regions of Vojvodina and Sumadija and Western Serbia were interviewed using structured questionnaire. The collected data was analyzed using the binomial logistic regression to ascertain the effects of selected socioeconomic and risk perception variables on the likelihood that farmer plans to purchase crop insurance. Farmer's willingness to purchase crop insurance was found to be significantly influenced by age, farm size, income and perceived level of risk. Project: Paper is a part of research within the SUFISA Project. This project has received funds from the EU's Horizon 2020 research and innovation programme under Grant Agreement No 635577 Keywords: yield insurance; revenue insurance; perceived risk; sustainability; discrete choice 1552099 10.5937/ekoPolj1904107S 1552101 0352-3462 2023-03-28T09:09:15.643Z 44 no 46 Žaklina Stojanović Univerzitet u Beogradu Ekonomski fakultet 12848231 0000-0003-2878-9835 Tatjana Rakonjac Antić Univerzitet u Beogradu Ekonomski fakultet person 12789863 0000-0003-0371-0115 Marija Koprivica Univerzitet u Beogradu Ekonomski fakultet person 13834087 0000-0003-4239-2252 application/pdf 709701 https://phaidrabg.bg.ac.rs/o:28407 no yes 21 70 92000002 11A03 Ekonomika poljoprivrede 66 4 1107 1125 2019