| Summary: | This paper aims to identify the determinant factors in using agricultural insurance and to provide evidence that matters of religion, besides the socio-economic ones, play an explanatory role in demand for agricultural insurance in American and European countries in the period 2000–2012. The study adopts a logistic regression modeling technique with 276 cross-section observations. The research results show that the agricultural insurance demand is a multidimensional function, which depends on: (i) the premiums of agricultural insurance, (ii) the subsidies of agricultural premiums, (iii) cultivated surfaces; (iv) the education level of farmers, (v) yield risks, and (vi) religion. Jel Classification: Z12, C23, Q14, D80, Keywords: Religion, Logit model, Agricultural finance, Demand for insurance
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