| China is an important agricultural country in the world,and the development of agriculture plays an important role in enhancing China's comprehensive strength.All along,how to solve the problem ofpoverty has always been a serious challenge:in the process of China's economic and social development.Natural rubber is one of the four major industrial raw materials in China.It is an important strategic material related to China's military and national defense.The quantity of rubber products are also directly related to the sustainable development of China's national economy.As one of the provinces with the most favorable natural rubber planting conditions in China,Yunnan Province has developed a cold-resistant and high-yield planting technology with the hard work of the majority of scientific and technical personnel and the employees of the Agricultural Reclamation Group.At present,Yunnan Province has built the best rubber production base in China.The planting area,total output and single output have leapt to the first place in the country,forming a relatively complete industrial system integrating planting,processing,sales and R&D.However,the gum planting area in Yunnan Province is mainly distributed in the minority poverty-stricken areas on the border.Rubber has become the main source of income for the people in the hot zone.The development of the rubber industry has played an important role in the poverty alleviation and income increase,national unity and social stability of the rubber planting area.Affected by the international rubber market,domestic supply and natural disasters,rubber prices fluctuate drastically,and rubber farmers face greater price risks.At present,China's rubber industry is in an important period of transformation.The price risk of rubber,especially the spot price,has become a close concern of the majority of rubber farmers,and the willingness to prevent and control risks is becoming stronger.China has continuously explored ways and means of agricultural product risk management.In 2016,the "Insurance + Futures" model was first written into the Central No.1 document.In 2017,the Central Document No.1 clearly stated that it should steadily expand the pilot program of the "insurance + futures" model,promote the continuous development of agricultural insurance,and increase the income of farmers.The strength of protection,Therefore,in-depth study and promotion of Yunnan natural rubber futures price insurance is in response to the call of the national financial industry to serve the "three rural".Through the purchase price insurance,the insurance company reinsurance through the purchase of off-market put options by the futures company,and the price risk of the rubber farmers is transferred,thus protecting the interests of the rubber farmers.In view of this,this paper analyzes the status quo and risks of natural rubber planting in Yunnan Province by reviewing the statistical yearbooks and data over the years,and conducts on-the-spot investigation and demand analysis on natural rubber futures price insurance in the areas of Lancing.Ximeng and Ninger.Based on the experience of the developed countries in the United States and Japan in the management of agricultural risks in the futures market,combined with the domestic Dalian model and the pilot model of the Guangxi model,the development of Yunnan natural rubber futures price insurance is drawn from the experience of domestic and foreign advanced learning.Inspiration.Through the fluctuation of futures prices and spot prices of natural rubber in Yunnan Province,the data were analyzed by EVIEWS,SPSS and EXXCEL software,and the rubber futures price and spot price were highly correlated and long-term equilibrium relationship.The market is efficient,which provides a theoretical basis for the development and promotion of rubber futures price insurance. |
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