| Pork is the main source of Chinese Han nationality traditional meat, and pig farming industry is not only the main way for farmers to increase their income but also a pillar industry of the first industry of our country and the new rural construction. So, the stability of the market price of pig is not only linked to a majority of farmers income problem and our people for pork to buy consumer, but also related to the pig raising the enthusiasm. Now in China, hog market will continue to our present "roller coaster" price fluctuations, market price risk seems to have become a pig farmers facing the main risk.Based on this reason, this paper sees domestic market hog price fluctuations as the breakthrough point, disperse and transfer pig farmers facing the market price of risk as the objective, to our country nearly three years since around hog price index insurance pilot program to carry on the analysis, pointed out past the pilot program and summarize the experience of mature, in reference to the United States has risk protection insurance scheme design and system operation experience. It is pointed out that the problems of China's hog price index insurance exists in the design of the system and puts forward the possible improvement strategies.In this paper, the main research methods of insurance, economics and econometrics, and the use of econometric software Eviews analysis, mainly studied the following five aspects:First, reducing risk or profit to born pigs to market price risk definition of the market price of live pigs decreased or input prices rising. In a mature market economy, homogenization of pigs and other livestock product market price risk usually with height, non completely random and complex characteristics. Second, the use of the H-P filter method and the relevant econometric software Eviews decomposes the hog price changes for the long-term trend (T), the cycle fluctuations (c), seasonal fluctuations (s) and stochastic volatility (I), and analyze the reasons of the fluctuation of each part, overall design programs for analysis of the live pig price index insurance in pilot areas in China lay the foundation.Third, analysis of China's hog price index insurance pilot program in various regions. In the scheme of each pilot area for analysis, it is concluded that the insurance in China exists widely small, claims a long period, insurance for the duration of a single, data acquisition, the source of confusion, government subsidies standards and system risk difficult to prevent such problems. Problems arise at the same time, China's hog price index insurance in pilot also accumulated a lot of successful experience, such as the design of simple hog price index insurance product solutions, to improve pig production and operation of the main body of the insurance product acceptance. According to the different regions of pig breeding and production and operation The different ways to adjust measures to local conditions to choose different channels and so on.Fourth, introduce the specific practices in livestock risk protection insurance and related supporting insurance system (including the product innovation protection value, catastrophe risk dispersion mechanism and the establishment of the United States special agricultural risk management mechanism (RMA) and the establishment of the function), and discusses its enlightenment to China's hog price index insurance development and reference.Fifth, obtained from the United States hog price index insurance in the advanced experience based on, combined with domestic hog prices index insurance pilot analytic our country pig price index insurance development faced by the system level problems, such as China's live pig price index insurance lack of overall planning and system mode positioning is not clear. To solve these problems, in reference to the basis of American agricultural insurance system construction, this paper suggests that we should live pig price index insurance was placed under the policy agricultural insurance within the scope and the were amount of top-level design, establishment of a complete set of, and in accordance with the national conditions of our country pig price index insurance System. Through the research, the main conclusions of this paper are:(1) Although the United States and Canada aquaculture insurance price in the design makes full use of the futures market price discovery function, but our pig price index insurance scheme in the design of security price refers to the pig grain ratio is China's current conditions, the optimal selection, and has the technical feasibility. However, the pig grain ratio determines the security price does exist many problems.(2) Based on the properties of quasi public goods, our country should be positioned the price index insurance of hog as a policy support system of insurance. |
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