Research On The Development Of Vegetable Price Insurance In China

The vegetable price insurance is an important way to insure farmers during the possible price risking the market.It is an effective way to try to manage the price risk in the field of agricultural insurance in China.The vegetable price insurance has the ability to turn the non insurable market risk into insurable risk.Therefore,the vegetable price insurance is more advantageous than the traditional planting insurance.According to the price data,the vegetable price insurance is divided into index and non index insurance.The price index insurance price is based on a year of market prices of vegetables as the base,after years of market prices for the reporting period,the ratio of the base period and the price index report.When the average price index of the insured vegetables during the insurance period is lower than the agreed price index,the insurance company shall bear the liability for payment of the insurance premium in accordance with the contract.The price of insurance refers to the price of vegetables by using the weighted average method to calculate the agreed price as insurance mark,when the term of the contract is guaranteed because of the weather,vegetable yield,cost and other reasons lead to the market retail price is lower than the agreed price,the insurance company in accordance with the insurance agreed to assume responsibility for payment of the insurance benefits of the contract.The advantages of price insurance are as follows: first,breaking the market risk is not insurable and the rate determined by the time of the disaster,species,loss of the decision,second is to simplify the traditional agricultural insurance claims report,data collection,surveying and other sectors,the insurance companies can effectively reduce the cost.Third is a strong agriculture committee,the national development and Reform Commission,the National Bureau of statistics or local authority statistics departments to collect price information release,high data reliability.Four is different from the high threshold of the futures market,without the delivery of brokerage commissions,anyone can buy insurance products.Five is conducive to play the role of market mechanisms,the establishment of agricultural products market risk prevention and dispersion mechanism.Once launched,it has received the attention of all levels of government and insurance companies,since 2011 has been implemented in 11 provinces and municipalities,greatly promoted the development of China's vegetable prices.But at the same time,there are many problems in the development,there is a big gap with the developed countries in Europe and the United States,such as the lack of central financial subsidies,the lack of price data Department,there is no uniform price basis,etc.Therefore,this paper takes Shanghai city "off-season" green vegetables cost insurance and Jiangsu city of Zhang jiagang Province in light green vegetable price index insurance in Sichuan Province,Chengdu City,Shandong Province,vegetable price index insurance in many provinces and cities vegetables target price insurance in Beijing City,Daxing District autumn Chinese cabbage price the cost of insurance as the main research object,Based on the research on the design of vegetable price insurance products,this paper compares the similarities and differences between the insurance products in different pilot areas,and analyzes the reasons for the similarities and differences of the insurance products.And find the insurance products requirements in the market prices of vegetables,product design,policy support,compared to the United States,Canada,Japan and other countries with better development of agricultural insurance,and analyzes the reasons for the rapid development and draw lessons from.Finally,from the aspects of product design,data system and policy support,this paper puts forward the improvement measures to promote the development of vegetable price insurance.