Nudge to insure: Can informational nudges change enrollment decisions in pasture, rangeland, and forage rainfall index insurance?

• DOI: 10.1002/aepp.13215
• Publication Date: 2021-11-26T09:35:18Z
• Authors: Kelly A. Davidson; Brittney K. Goodrich
• Keywords: Crop insurance; Risk Aversion

Abstract Through a framed field experiment with livestock farmers in the Northeast and Southeast United States, this research explores whether an informational nudge changes producers' selection of two‐month intervals and/or increases likelihood enrollment pasture, rangeland, forage (PRF) insurance. We find no evidence that influences interval choices; however, producers are more likely to enroll when PRF is as risk management decision regarding loss. Risk aversion, familiarity other States Department Agriculture programs, higher exposure increase enrollment. Past crop insurance participation decrease amount insured during growing‐season months.