What does it mean to set up a pilot project of compound planting income insurance for soybean and corn belt in Shanxi Province?

Shanxi issued the "Notice on Launching the Pilot Program of Commercial Insurance for Compound Planting Income of Policy Soybean and Corn Belt at the Provincial and Ministerial Levels", taking the lead in launching the pilot program of commercial insurance for compound planting income of policy soybean and corn belt at the provincial and ministerial levels in our province. The compound income insurance of soybean and corn in Shanxi province ensures the immediate materialized cost and stable income of farmers; It embodies inclusiveness and also includes innovation ability. The implementation period of the demonstration site is 2 years, and the premium subsidy policy of the Ministry of Finance is strictly implemented. The proportion of insurance premium is 50% subsidized by provincial and ministerial governments, 15% subsidized by municipal governments in pilot areas, 10% subsidized by county and municipal governments, and 25% paid by farmers themselves, which is the income cornerstone of large growers.

Insurance costs include farmers' income in the process of planting, including income losses caused by the reduction of crop prices and output. Gujiao City of Taiyuan City, Yanggao County of Datong City, Pinglu District of Shuozhou City, Fan Shi of Xinzhou City, Fenyang City of Lvliang City, Pingding County of Yangquan City, Shouyang County of Jinzhong City, Tunliu District of Changzhi City, Zezhou County of Jincheng City, Xixian County of Linfen City, yongji city of Yuncheng City, etc.1/The total area of the pilot areas is 23 square kilometers, accounting for the planting area of demonstration sites in our province.

All agricultural business entities, agricultural cooperatives, large professional households, agricultural cooperatives and other large-scale actors and small farmers in the pilot area can pay social security. Strip compound planting is a technical way to promote the coordinated development of corn and soybean, which plays a vital role in alleviating the contradiction between soybean and corn and ensuring national food security. In order to further improve the enthusiasm of farming and ensure farmers' income, Shanxi took the lead in launching a demonstration site of commercial insurance for policy-oriented soybean and corn planting income in our province.

In the pilot project, the provincial and ministerial policy commercial insurance for the compound planting income of soybean and corn belt developed and designed by China Coal Insurance has made a breakthrough in several product promotion schemes organized by the same industry. This is another achievement of the company in the innovation of characteristic agricultural insurance after the new project of full-cost insurance for wheat and corn at the provincial and ministerial level, which has been highly affirmed by people in the industry and relevant departments directly under the municipal government.