久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Industries

Agricultural insurance shelters farmers in grain belts

(Xinhua) Updated: 2012-11-23 11:09

HARBIN - China's fledgling agricultural insurance sector has buffered farmers against greater losses after hail, pest outbreaks and a massive typhoon hit China's breadbasket, the northeastern provinces of Heilongjiang and Jilin, a local official said Thursday.

"Agricultural insurance has proven instrumental in transferring risks and stabilizing farmers' income," said Liu Feng, director of the Heilongjiang Provincial Insurance Regulatory Bureau.

Zhang Chuanxin, a farmer in Heilongjiang province, received 3,747 yuan ($595) from his insurer for hundreds of cornstalks crushed by Typhoon Bolaven.

"It's not big money, but better than nothing," Zhang said as he lined up with about 600 farmers in the school playground of Xinmin village to claim their compensation.

In Jilin province, Anhua Agricultural Insurance, a national crop insurer, said it has offered 192 million yuan in compensation to 451,900 families.

Agricultural insurance policyholders have mushroomed in recent years as China rolled out subsidy packages for the agricultural sector, which involves half of China's population.

Agricultural insurance, serving as a safety net, increases farmers' ability to manage risks and enables them to devote more resources toward higher-quality agricultural inputs, including farming equipment and seeds.

The Chinese government now shoulders 80 percent of agricultural insurance premiums. In Heilongjiang, every yuan paid by a farmer is subsidized by 0.75 yuan from the county government, 1.25 yuan from the provincial government and 2 yuan from the central government.

From 2007 to 2011, China's central government budget spent 26.4 billion yuan on agricultural insurance subsidies, according to the China Insurance Regulatory Commission.

"These subsidies have made agricultural insurance premiums affordable for a large group of farmers and have led to rapid growth in the Chinese agricultural insurance market," according to a report by Swiss Reinsurance Company (Swiss Re), one of the world's largest reinsurers.

For instance, agricultural insurance in Heilongjiang now covers almost half of the farmland in the province, but two years ago, only about 30 percent was insured, according to Heilongjiang Provincial Insurance Regulatory Bureau.

The Swiss Re report commended China's efforts to develop a robust agricultural insurance industry, saying the country's use of agricultural insurance as an incentive for expanding production sets a good example for other emerging markets that lack such a framework.

China is the second-largest agricultural insurance market in the world after the United States, according to a report by the Food and Agriculture Organization of the United Nations in December 2011.

However, Chinese farmers say the money paid by insurance companies is still not enough to offset their losses. Usually, insurance compensates only a portion of farmers' losses, like money spent on seeds and fertilizers.

"Compared with what I can get in a smooth harvest, the compensation is far from enough," said Zhang, the farmer.

The State Council, China's Cabinet, announced new regulations on agricultural insurance last Friday, pledging to continue subsidizing insurance premiums and supporting insurers with tax benefits.

According to the regulation, which will take effect from March 2013, the state will establish a mechanism -- with funding support from the government -- to mitigate risks insurers face in major natural disasters.

Insurance company executives in Heilongjiang said at a previous press briefing that payments for damage from hail, an outbreak of pests and a powerful typhoon have seriously dampened their companies' profit perspectives this year.

On most occasions, losses can be absorbed by the insurance companies themselves, said Li Dan, an associate professor in insurance at Northeast Agriculture University.

However, catastrophic losses resulting from worst-case scenarios may overwhelm their financial strength, Li added.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲精品综合一区在线 | 免费一级 一片一毛片 | 国产自在线观看 | 特黄特黄一级高清免费大片 | 国产人成午夜免费噼啪视频 | 久久久精品久久视频只有精品 | 欧美一级毛片俄罗斯 | 久久精品国产一区二区三区日韩 | 国产成人高清 | 欧美a级在线观看 | 色屁屁一区二区三区视频国产 | 三级大片网站 | 国产精品九九九久久九九 | 韩国一级毛片 | 精品在线看 | 亚洲男人的天堂成人 | 国产高清视频a在线大全 | 九九热国产精品视频 | 亚洲一区在线视频观看 | 最新精品亚洲成a人在线观看 | 欧美视频一区二区三区在线观看 | 被老外玩爽的中国美女视频 | 日韩在线二区全免费 | 免费人成在观看 | 国产精品hd在线播放 | 亚洲韩精品欧美一区二区三区 | 国产成人久久精品二区三区 | 国模在线播放 | 国产成人小视频 | 精品在线播放视频 | 亚洲乱人伦在线 | 依依成人综合网 | 国产91丝袜美腿在线观看 | 欧美在线视频二区 | 亚洲综合图片人成综合网 | 日本在线网| 国产成人一区二区三区影院免费 | 在线观看久草视频 | 国产成人永久免费视频 | chinese农村野战videos | 国产午夜精品理论片久久影视 |