Study of motivational factors on farmers's participation in weather exchange

In recent years, in order to deal with the production risk, new tools named Weather Exchange has been introduced and exchange in the many of world’s Stocks. Due to existing of the risk of changing weather conditions in the agricultural sector, this study aim to introduce the weather exchange. The factors affecting farmers, participation in the exchange above also is studied. For this purpose, the Order Logit models used and the data required is collected by interview and questionnaires with 160 farmers in Khorram Abad Area of Tonekabon. The results showed that 79 percent of farmers would like to participate in the proposed weather exchange and only 21% have not shown willingness to participate in this type of exchange. This high percentage of willingness to participate in this market indicated high tendency of farmers of this new tool. age, ownership and risk aversion coefficient of farmers have had a negative impact on the level of participation of farmers. Education, contingency reserve and diversification are also effective and multiplier variables on the participation of farmers.