Agricultural Financial Services Development And System Operational Efficiency In Hunan Province

Hunan is an agriculture province and suffers from frequent occurrences of natural disasters and bad climate. It is necessary to look for a risk-averse tool for agriculture production to ensure that the agriculture production can proceed smoothly. Agricultural insurance is one of the available tools. To develop agricultural insurance is realistically significant for improving the disaster resistance capability of agriculture, guaranteeing agriculture and food safety, stabilizing and increasing farmers’ income, and developing the modern agriculture of Hunan province.Although agriculture insurance has had some success during the functioning and development in the recent years, its operation efficiency is not optimistic. To analyze the current status of Hunan agricultural insurance and its achievements and problems is theoretically and physically vital for sustainable development of Hunan agriculture insurance.Based on the theories and practices of domestic and foreign agriculture insurance, the characteristics of Hunan agriculture insurance and deeper reasons for restricting the development and operational efficiency of Hunan agriculture insurance are analyzed in this thesis. From the angle of extension theory the operational efficiency of Hunan agriculture insurance is being comprehensive evaluated and analyzed. Through the evaluation result the strategies to promote agriculture insurance are put forward. The main contents of the thesis include the following four aspects:(1) The basic information of Hunan agricultural production is introduced and the development history if Hunan agriculture insurance is concluded. Based on the Hunan agriculture insurance characteristics, the achievements and problems of Hunan agriculture insurance is being discussed;(2) Agriculture insurance has its own property as semi-public goods, and the reasons why the operational efficiency of Hunan agriculture insurance is low are analyzed from four aspects in the thesis, which determines the basis to build evaluation index system of the operational efficiency of Hunan agriculture insurance; (3) The evaluation index system of agriculture insurance operational efficiency is constructed from the prospective of the five factors—financial support, participation and penetration, security capability, the level of disaster prevention, enterprise management. The multilevel extension assessment model of agriculture insurance efficiency in Hunan province is constructed with the support of the extension theory and then the operational efficiency is evaluated. Thus the operational efficiency is reconsidered through the comprehensive index;(4) The hierarchical structure of operational efficiency for Hunan agriculture insurance is identified by extension and the operational efficiency is assessed through extension evaluation model. Then the level of every factor is identified and the operational efficiency level of Hunan agriculture insurance is determined.Those factors which are considered as bad levels are defined to given possible solutions, which can amply justify the feasibility and practicability of extension theory applied in the operational efficiency evaluation on Hunan agriculture efficiency.