Study On The Establishment Of Yunnan Agricultural Catastrophe Risk Guarantee Fund

China is one of the worst natural disasters damage the affected countries in the world, agriculture is the most vulnerable areas of natural disasters. Due to global warming caused by El Nino and La Nina phenomena caused by extreme weather frequent in several provinces have been seriously affected security and stability of agricultural production. In recent years, Yunnan climate anomalies lead to frequent extreme weather more serious damage to agricultural production, in the year of 2013 due to freezing and snow in Yunnan caused direct economic losses of 420 million yuan, during 2009 to 2012 years Yunnan Agricultural persistent drought disaster led to economic losses of 12.5 billion yuan.Yunnan the measures to deal with natural disasters in Yunnan is policy agricultural insurance. Since 2007 Yunnan policy agricultural insurance has carried out, from the coverage of protection, the level of protection of,policy agricultural insurance of Yunnan has been the primary stage of agriculture giant disaster insurance "prototype", but only stay in the level of protection to protect physical and chemical costs of primary level. In 2014, the situation of agricultural insurance shows that the most significant payment amount is only 167 yuan / mu, the effective guarantee of payment only relative gains 4.2%, the effective level of protection is too low. Other than agricultural insurance catastrophe reserve, the lack of effective decentralized agricultural catastrophe risk in agricultural catastrophe risk diversification mechanism in Yunnan。According to the introduction of a number of incentive policies in recent years to establish a mechanism for the provincial agricultural catastrophe risk diversification,Combined agricultural disaster reserve, agricultural reinsurance, agricultural catastrophe risk guarantee fund, agricultural catastrophe risk securitization, indexation of insurance the five kinds of risk dispersion mechanism, through analysis of the advantages and disadvantages between agricultural catastrophe risk in a decentralized manner, agricultural catastrophe risk protection fund can effectively spreadcatastrophic risk and improve the level of protection of agricultural insurance,according to the actual situation of Yunnan, the establishment and implementation of disaster risk guarantee fund feasibility advantages compared to other ways.Learn from the successful experience and shortcomings of the pilot phase in china and foreign countries have been established agricultural catastrophe risk guarantee fund, establishing Agricultural catastrophe risk guarantee fund from liability loss ratio range for setting and selection, and proposed agricultural catastrophe risk protection fund model theory. Analysis of the past 30 years, Yunnan Agricultural Natural disasters cause economic loss benefits, the use of R, SPSS software to validate the theoretical of fund model. Establishing Agricultural catastrophe risk guarantee fund from liability loss ratio range for setting and selection,and proposed agricultural catastrophe risk protection fund model theory. Model theory based on the assumption Fund formula to determine the different effective level of protection required fund size. In assuming that other sources of funding is 0.5 billion a year, the agricultural insurance premium growth of 20%, reinsurance premium is20%,in accordance with the proportion of share of central government, local governments, farmers bear, premium operating surplus,agricultural insurance special assistance 40%, 40%, 10%, 5%, 5%, and in accordance with the Fund need to meet the condition,required for the establishment of the fund size at 10%—50% effective level of protection of paid time 4,7,9, 11, 12 years.The Limitations of this paper is to set an annual 0.5 million yuan is reasonable need for further proof of the Fund other channel sources, as well as in the current real effective level of protection of payment of 4.5%, the fund size increase the proportion of funds under different effective level of protection needs according to Yunnan Agricultural Insurance development on the actual situation.The future prospect is mainly in the early establishment of the fund becomes insufficient scale under conditions to deal with than the relative level of protection of agricultural disaster economic loss of revenue, the government finances should "catch-all", we can learn from Canada reinsurance protection fund and Japan Masonic fund model, in the condition of the fund can not afford to loss in the form ofinterest-free loans provided by the government share, agreed to repay in the years after the disaster fund accumulated by the year by a certain percentage. Meanwhile,operations of the fund should be to ensure the future of investment funds under reflux funds quickly and capital adequacy ratio after stable investment fund mature conduct business according to the domestic capital market. After establishing a certain level of protection established fund size, according to the Yunnan agricultural development and farmers’ actual needs, whether it is necessary to establish the higher level of guarantee fund size should be explored in the further or not.