Feasibility Study On The Trial Of Yunnan Potato Futures Price Insurance

Agriculture is the pillar industry of China.In order to develop and glow,agriculture must also be strengthened.Raising the income of farmers and herdsmen is always the key and difficult point of the state.With the implementation of the strategy of staple potato,potato will become the fourth staple after rice,wheat and corn.Yunnan province is one of the main potato planting area of China as well as the main potato producing area.Potato now has become one of the most important crops of Yunnan Province for its high production and strong adaptability.For having a great potential in development,competition and value-added processing,the potato has become a major source of income of farmers in Yunnan Province,which plays an important role in promoting the development of agricultural economy of Yunnan Province and increasing farmers' income.However,the consumption of potato in Yunnan has always been dominated by fresh food.Affected by the fluctuation of annual output,the fresh potato price fluctuates violently,which brings a large market risk to potato farmers.In recent years,the Central Document No.1 has mentioned the development of agricultural insurance in 2016,put forward to actively " To carry out an important exploration target price of agricultural insurance " and " expanding" insurance + futures " pilot " and so on.So the research and promotion of Yunnan potato futures price insurance,it is to respond to a central file call option through the purchase of agricultural products,will the government monopoly of the market risk to stakeholders sharing Futures Company,insurance the company will bear the risk transfer price fell to the futures market to hedge,indirect greatly ease the financial pressure.Based on this,through the yearbook and historical data,the author analyzes the present situation and risk of potato planting in Yunnan,and carries out the demand analysis of the potato futures price insurance in Kunming,Qujing and Zhaotong.On account of US income insurance and the risk control of futures market,combinedwith the current pilot study of corn futures price insurance in Dalian,the author draws relevant enlightenment of potato futures price insurance in Yunnan through the successful experience of domestic and foreign countries.In view of the volatility of potato prices in Yunnan Province,this paper makes a theoretical study by insurance economics,statistics and econometrics,also uses software,such as EVIEWS and EXCEL,to analyze the relevant data.Although there are some difficulties in carrying out potato futures price insurance,but this innovation shows unlimited prospects.In the background of potato grain staple food strategy,potatoes become futures products just around the corner,in addition,with the advent of large data age,we believe that this insurance model landing is not a probleming under the national policy,financial support.Finally,the author concludes that the Yunnan potato futures price insurance pilot is feasible.