Table 4 Results of the binary probit model on the determinants of WTP.

Sex

− 1.810

0.850

0.033**

− 0.041

0.009***

Age (years)

− 0.159

0.080

0.047**

− 0.004

0.026**

Edu._Level

− 0.915

0.420

0.029**

− 0.021

0.010***

Awareness

3.385

1.234

0.006***

0.077

0.000***

Regular_Payment

4.533

1.579

0.004***

0.103

0.000***

Creditaccess

1.524

0.963

0.114

0.035

0.091*

Land_Owership

0.889

0.439

0.043**

0.020

0.016**

Farming_Methods

− 1.994

0.869

0.022**

− 0.045

0.007***

Farmsize (Acre)

0.061

0.133

0.645

0.001

0.642

Farm_Risk level

2.564

1.333

0.054*

0.058

0.033**

Ccdamage_Caused

− 1.035

0.553

0.061*

− 0.024

0.039**

Women_Cont.

− 2.387

0.934

0.011**

− 0.054

0.002***

Income (GHS)

0.002

0.001

0.072*

0.000

0.047**

Perception_Index

− 2.605

1.362

0.056*

− 0.059

0.034**

Farmer_Experience (years)

0.530

0.652

0.416

0.012

0.407

_Constant

17.276

7.379

0.019

Dependent variable: WTP

Number of observations = 315

LRchi2(15) = 75.72

Log likelihood = −13.08147