insurance alone. Revenue insurance users are
younger, have higher levels of education, and
earn more off-farm income. Other differences
between users and nonusers can similarly be
ascertained from the table.
The average risk management importance
scores reported in table 3 clearly show that
insurance users attribute greater importance
to risk management than nonusers, and that
the overall scores are highest for revenue insurance,
intermediate for yield insurance, and
lowest for hail insurance. The patterns of average
use of these risk management options
largely parallel the importance scores. Among
the thirteen risk management options, revenue
insurance was ranked second in importance
by revenue insurance users, whereas yield insurance
ranked fifth in importance by yield
insurance users. Insurance users in general
ranked revenue and yield insurance fifth and
seventh, respectively, in importance. Over all
groups, government price, and income support
programs received the top risk management
rating.