Research On The Efficiency Of Policy-Based Agricultural Insurance Financial Subsides In China

China is still the most populous country in the world,and ensuring food security is a major strategic measure related to the national economy and people’s livelihood.Due to our vast territory,different regions are facing the erosion of various disasters,which seriously endangers the stability of agricultural production.Agricultural insurance,as an important tool of risk transfer and dispersion,has naturally received strong support from the government.After years of premium financial subsidies,China’s policy-based agricultural insurance has developed rapidly,and the number of agricultural insurance undertaking agencies,premium scale and guarantee level have been significantly improved.However,there are still phenomena such as incomplete scope of premium subsidies,unreasonable subsidy proportion and publicity not in place.Since 2019,China’s agricultural insurance has entered a period of high-quality development,and the central government has put forward higher requirements for the development of agricultural insurance,and the financial subsidies for agricultural insurance have also been increasing.Although China’s agricultural insurance premium financial subsidy has been on the right track,it is relatively slow to evaluate the subsidy efficiency,and the efficiency of agricultural insurance financial subsidy is still a topic that needs to be paid attention to.At the same time,although the market entities are increasing,the existing studies show that China’s agricultural insurance market as a whole is still in a high monopoly state,which makes the agricultural insurance market itself have certain particularity.In this context,it is inevitable to consider the impact of market competition to study the efficiency of agricultural insurance financial subsidy,but the targeted theoretical research is not sufficient at present.Therefore,based on the relevant theory and realistic background of policy-based agricultural insurance,this paper makes a qualitative and quantitative analysis of the relationship between the agricultural insurance market competition and the efficiency of the premium financial subsidy.Firstly,the market concentration index is used to classify the market structure of the 31 provinces and cities in China,On this basis,the evaluation index system of the financial subsidy efficiency of agricultural insurance is constructed,Finally,the three-stage DEA model and the ultra-efficiency DEA model,And use the market structure as a classification criterion to calculate the corresponding efficiency score,The following conclusions are obtained:(1)the rapid development of policy-based agricultural insurance in China,At the same time,there are also many shortcomings;(2)Increasing competition in the agricultural insurance market,But in the future for a long time will still be in a high market occupation;(3)There is a negative correlation between the efficiency of agricultural insurance and the degree of market monopoly under the high market occupation.There may be two innovations in this paper:(1)the research perspective is relatively novel,study the efficiency difference of the financial subsidy agricultural insurance from the perspective of agricultural insurance market competition,and further supplement the factors that may affect the efficiency;(2)the three-stage DEA model is constructed to quantify the efficiency of the financial subsidy funds of agricultural insurance without continuing the traditional DEA method,which is more conducive to measuring the efficiency scientifically.