The Research Of The Cooperation Between Agriculture Insurance And Agriculture Credit Based On Synergic Relationship

In recent years,the problems of rural economic development have become more and more serious,which has caused a shock to China's steady economic growth.The financial industry,as a catalyst for industry development,must also upgrade its services and increase innovative financial products to meet market demand.Agricultural bank-insurance cooperation as one of the ways for the development of financial innovation,agricultural wide attention by the government and scholars,and in the central file no.1 in 2009 clearly pointed out that to strengthen agricultural bank-insurance cooperation.Based on the research between agricultural credit and agricultural insurance in hubei province is collaborative symbiotic relationship,to perfect agricultural financial service system in hubei province,to promote agricultural development plays an important role in hubei province.At the same time,the research results also have some reference significance for the promotion of agricultural silver insurance cooperation across the country.At present,although there are many scholars studying agricultural insurance and agricultural credit cooperative development in China and abroad,the research viewpoints are very different.Some scholars believe that agricultural credit and agricultural insurance cooperation will improve the efficiency of both sides and promote the development of both sides.Another part of the academic thought of agricultural insurance and agricultural credit relationship is not close,and even agricultural insurance and agricultural credit cooperative will inhibit the demand of agricultural credit.,based on the above study views of different scholars,the author reference to previous empirical research method to establish the VAR model and the optimization of the model,through the agricultural insurance density as agricultural insurance development indicators,with the scale of agricultural credit and agricultural credit structure two dimensions to measure the development of agricultural credit.To agricultural credit financing scale and agricultural insurance density between,between the structure of agricultural credit and agricultural insurance density of Granger causality test,it is concluded that a causal relationship between the two.In this paper,the author carries on the impulse response analysis,and explores the tendency of the interaction between the two.Findings include:(1)Inadequate supply of agricultural credit in Hubei Province,and capital flight in agriculture,including rural commercial bank capital flight is most serious in agriculture.Credit institutions in Hubei Province started late,small and uneven distribution,good development in eastern Hubei Province,Western Hubei development lagged.Financial talent into big-city phenomenon in more obvious over time,insufficient supply of rural finance.(2)Agricultural insurance insurance coverage in Hubei Province less scope and coverage and insurance are unlikely,and the province's agricultural output value does not match,Western Hubei premiums lower than other areas.Hubei Province agriculture insurance institutions operating in poor,agricultural insurance in the province's insurance company to pay high rate of farm insurance losses and lack of catastrophe risk insurance system that agricultural insurance company risk.(3)An empirical test:(1)Cannot optimize the structure of agricultural credit and agricultural insurance development.(2)Development of agricultural insurance can expand the scale of credit financing of agricultural credit.(3)The credit structure to promote the development of agricultural insurance.(4)Credit expansion of financing of agricultural credit to some extent inhibited the development of agricultural insurance.Based on the above conclusions,author of Hubei agricultural credit and agricultural insurance put forward five-point proposal on how to further cooperation development:(1)Increasing agricultural insurance,expanding agricultural insurance coverage.(2)Improve crop insurance subsidies,and raise the level of protection.(3)Perfect cooperation mechanism of agricultural insurance and agricultural credit.(4)Perfect development of agricultural insurance and agricultural credit cooperative laws.(5)Set up perfect agricultural insurance companies in risk dispersion system to help spread the risk.