Study On Farmers’ Satisfaction Of Cotton "Insurance + Futures" In The 51 Regiment Of The Third Division

The cotton target price subsidy policy in Xinjiang has played an important role in guaranteeing the income of cotton farmers,improving the enthusiasm of cotton farmers and guaranteeing the overall output of cotton.However,there are also problems such as great pressure on the government budget and derailing the world cotton price subsidy policy.At the same time,the cotton target price subsidy policy belongs to the "yellow box" policy limited by the WTO agricultural agreement.Therefore,the government and domestic scholars have been exploring new subsidy policies that can replace the target price policy.The cotton price insurance based on the "insurance + futures" mode belongs to the category of "green box" allowed by WTO.It has become the "stabilizer" of agricultural insurance to guarantee cotton farmers’ planting income under the premise of reducing government intervention,promoting the formation of price by the market and market-based price subsidy mechanism,and has explored a new path for realizing the conversion of cotton price insurance.On Nov 21,2017,the Xinjiang Production and Construction Corps held a signing ceremony for the cotton "insurance + futures + banking" targeted poverty alleviation project in Urumqi,and selected the 51 st Regiment of the Third Division as the pilot regiment.In this thesis,the 51 st Regiment of the Third Division was selected as the research object to explore the satisfaction of cotton-planting farmers on cotton "insurance + futures".In terms of data acquisition methods,questionnaire survey and interview were selected.Finally,248 valid questionnaires were collected from 18 companies of the Regiment.In order to explore the current situation and influencing factors of local cotton farmers’ satisfaction with cotton "insurance + futures",descriptive statistical analysis and regression analysis were carried out on the obtained survey data.In terms of the selection of regression model,this thesis chooses the ordered Logistic regression model.Based on the research of domestic scholars on the satisfaction of farmers with agricultural policies,13 variable indicators are selected for regression through SPASS software.The regression results showed that at the significance level of 1%,the subsidy ratio and claim speed variables had significant effects on the satisfaction evaluation of cotton "insurance + futures".At the 5% significance level,the degree of education,risk attitude,premium and insurance procedures have significant effects on the satisfaction evaluation of cotton "insurance + futures".The research shows that the overall satisfaction of cotton "insurance + futures" in the 51 st Regiment of the Third Division is high,the insurance procedures and claims procedures are relatively simple,and the subsidy ratio is reasonable,but there are also problems such as low understanding degree,insufficient publicity,slow claim settlement speed,and high premium without financial subsidies.Meanwhile,according to the regression results,the lower the perceived premium,the more reasonable the subsidy,the lower the expenditure,the simpler the insurance procedure and the faster the claim settlement speed,the higher the overall satisfaction will be.Finally,this thesis puts forward policy suggestions to improve the satisfaction evaluation of cotton farmers on cotton "insurance + futures" from four aspects: increasing publicity,improving farmers’ awareness,simplifying insurance procedures,increasing claims speed,reducing insurance rates,stabilizing subsidy ratio,accelerating the cultivation of futures market and improving the overall contribution.