The development of China’s agriculture is inseparable from insurance

I believe that the great achievements in the development of China's agriculture are inseparable from the following aspects:

1. The support of the party's policies, increasing subsidies, and increasing rural water conservancy construction.

2. Cultivate new professional farmers and strengthen agricultural science and technology services.

3. Increase the propagation of seed industry, increase the development of high-quality and high-yielding seed industry, provide reliable and strong support for agricultural development, and let agriculture be given the wings of science and technology.

Comprehensively promoting rural revitalization and promoting the development of the agricultural industry are key, and the latter cannot be separated from the protection of agricultural insurance. Taking last year as an example, agricultural insurance paid 61.659 billion yuan in compensation to 51.8186 million disaster-stricken farmers, becoming an important source of funds for farmers to rebuild and resume production after disasters. Therefore, to better serve rural revitalization, the insurance industry must first do a good job in agricultural insurance.

To improve agricultural insurance service capabilities, the insurance industry still needs to work hard on "raising standards, expanding coverage, and adding products." Recently, the Ministry of Finance and other departments jointly issued a document to expand the scope of full cost insurance and planting income insurance for the three major grain crops of rice, wheat, and corn from the previous 6 grain-producing provinces to 13 major grain-producing provinces. The level of protection is also higher than before. There is a substantial improvement.

Accelerating the improvement of agricultural risk protection with local characteristics is also an important direction for the insurance industry's future efforts. In the process of winning the battle against poverty, various regions have developed characteristic agricultural industries based on their own actual conditions. These agricultural industries not only play an important role in poverty alleviation, but also bear the important task of promoting rural revitalization. However, due to the fact that many local specialty agricultural products have not yet been included in the scope of central financial subsidies, the financial subsidy support provided by local governments is relatively limited, and the insurance coverage rate of many local characteristic and advantageous agricultural industries is not high. Therefore, in the process of promoting rural revitalization, improving agricultural insurance service capabilities requires gradually expanding the practice of providing local advantageous and characteristic agricultural product insurance with rewards instead of subsidies to the whole country. All localities also need to innovate local advantageous and characteristic agricultural product insurance according to local conditions, and continuously increase the types of characteristic industry insurance.

In addition, it is necessary to further improve the agricultural reinsurance system and improve the agricultural disaster risk dispersion mechanism. For poverty-stricken areas, the reinsurance premium rate can be appropriately reduced to create a dense risk protection network for agricultural production.

Of course, although agricultural insurance is the core of comprehensively promoting rural revitalization, it is by no means a "go-it-alone effort." To further leverage the risk protection role of insurance, it is necessary to accelerate product innovation to better meet the various protection needs emerging in rural development and farmers’ lives.

The most important thing is to use insurance to consolidate the results of poverty alleviation and prevent people who have been lifted out of poverty from returning to poverty due to illness, schooling, etc. This requires the insurance industry to gradually improve the insurance product system for people who have been lifted out of poverty and low-income rural people. In fact, at the final stage of the fight against poverty, the insurance industry has already begun to explore this aspect. For example, the "poverty prevention and insurance" product launched in some areas provides insurance protection for farmers whose income does not reach the poverty alleviation line due to illness, schooling, disasters, etc. In the future, such products need to increase their business proportion in the original national-level poverty-stricken counties and counties with key national rural revitalization assistance, and develop a single guarantee to prevent return to poverty into a comprehensive guarantee of "preventing poverty and getting rich" to achieve better results. to consolidate the results of poverty alleviation and help comprehensively promote rural revitalization.