Understanding The Key Determinants Of Cattle Business Insurance Adoption In Gowa Regency, Indonesia

Abstract: Cattle Business Insurance (CBI) is very important for mitigating risks such as death, disease outbreaks, natural disasters, and theft, which often harm farmers. This study aims to understand the key determinants influencing CBI adoption. Using a survey method with a sample of 100 farmers, consisting of 50 adopters and 50 non-adopters, the variables measured include age, experience, cattle ownership, family labor, and interaction with extension workers. Data were analyzed using logistic regression. The results show that age, experience, and interaction with extension workers have positive and significant effects on CBI adoption, with odds ratios of 1.022, 3.191, and 5.012, respectively. This means each unit increase in age, experience, and interaction raises the likelihood of adoption by 1.022, 3.191, and 5.012 times, respectively. These variables are categorized as key determinants. Conversely, cattle ownership and family labor are not significant and are therefore considered non-determinants, as they are perceived by farmers as irrelevant to the risks faced. The study concludes that CBI adoption is related to age, experience, and extension worker interaction, as well as farmers' understanding and perception of risk. Future research should identify and analyze farmers' risk perceptions in relation to CBI adoption.