The income stabilisation tool (IST) is the latest tool proposed by the European Union (EU) to manage agricultural risks. It aims at stabilising farm income by compensating income losses. Using a discrete choice experiment, this paper investigates grapevine farmers’ acceptance of the IST in Croatia and tests whether behavioural factors such as risk preferences, probability weighting and subjective probabilities related to future farm income explain acceptance of this new tool. Results suggest that there is demand for the IST. Pessimistic farmers are more likely to participate in the IST than others, suggesting that subjective probabilities influence farmers’ decisions about agricultural risk management.

中文翻译：

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农民对收入稳定工具的接受度：离散选择实验应用

收入稳定工具（IST）是欧盟（EU）提出的管理农业风险的最新工具。它的目的是通过补偿收入损失来稳定农民收入。本文采用离散选择实验，调查了克罗地亚葡萄种植者对 IST 的接受程度，并测试了风险偏好、概率权重和与未来农场收入相关的主观概率等行为因素是否可以解释对这一新工具的接受程度。结果表明对 IST 有需求。悲观的农民比其他人更有可能参与 IST，这表明主观概率影响农民关于农业风险管理的决策。