Research On "Insurance + Futures" Model Of Z Futures Company

China is an agricultural country since ancient times,the importance of agriculture is evident.With the shortcomings of traditional agricultural price subsidy policies emerging,agricultural price risk becomes the important obstructive factors of agricultural development and farmers’ income level increase.To protect the farmers’ income,improve agricultural prices system and promote the sustainable and healthy development of agriculture,the policy has called for carrying out "insurance+ futures" model for six years since 2016.Insurance companies and futures companies can play to their respective advantages and contribute financial strength to targeted poverty alleviation and rural revitalization.Although China has been tried and studied "insurance+futures" model to shift agricultural price risks,there are still many problems to be solved and it is in the exploratory stage.Based on the analysis of the necessity,current developing situation and operating principle of "insurance+futures" model,the paper analyzes the project background,the participators’ general situation and the specific operation plan of 2019 "insurance+futures" pilot project in Bayan.The case analysis method is used to conduct an in-depth analysis from risk hedging,risk transfer process to the final compensation of the project and the benefits of all parties,and to summarize the highlights and shortcomings of the pilot project in this paper.Finally,in order to provide the guidance on the theory and practice,the paper puts forward suggestions to solve problems existing in the current "insurance+futures" model and proposes "insurance + futures +bank + collocation + order + internet " model.