Design Of Rice Income Insurance Products In Hunan Province

In the 14th Five-Year Plan,agricultural security has become the top priority,and food security has grasped the lifeline of the people.Hunan Province,as the hometown of rice,ranks first in the country in terms of annual rice production,and as the staple food,the consumption of rice is huge,and the import volume of rice is increasing year by year.Therefore,it is urgent to take the lead in the research on income insurance in Hunan Province.Compared with foreign countries,the development is relatively late,and it is still immature compared to the development.Especially for income insurance,my country is still in the exploratory stage.The implementation of income insurance policy is conducive to improving farmers’enthusiasm and ensuring rice production.Insurance conducts research to provide reference for income insurance for rice and other agricultural varieties nationwide.In this paper,the yield per mu of rice in Hunan Province from 1990 to 2019 was analyzed,and the relevant theoretical knowledge used in income insurance was introduced,and the fluctuation analysis of the cycle fluctuation theory of price and yield application in Hunan Province was carried out,the HP filtering model was used to detrend the data,the mathematical statistics were used to estimate the marginal distribution with reference to the previous method,and then the joint distribution of price and yield was estimated by the copula function,and finally the premium was determined by using the Monte Carlo model.The required premiums were calculated and the impact of differentiated subsidy policies was analyzed.This paper determines the pure rates under different protection levels,and concludes that under different protection levels,the resulting pure rates are different.The higher the protection level,the higher the pure rates.Within the scope of the protection level of 70%-100%,the range of the pure rate is 7.15%-0.24%,the gross rate is between 0.36%-10.6%the premium is between 4.02-116,and differentiated subsidies are adopted.The policy can significantly reduce the cost of government subsidies and help farmers choose their own suitable insurance needs.This paper provides a reference for the future income insurance pilot work in southern Hunan Province.At the same time,drawing on the development experience of the United States and consulting relevant literature,some development policy suggestions are put forward according to the current situation of rice development in Hunan Province.