Study On The Risk Management Of Agricultural Products In China Based On "Insurance+Futures" Mode

Throughout history,natural disasters are always the basic risks of farmers in agricultural production,with the depth of integration both in domestic and abroad market,and the advancement of agricultural price formation mechanism reform,leading to market price risk of the agricultural product in China has become the major risk categories of agricultural producers and related participants,and it has become a hotspot in this field.However,due to the price risk of agricultural products have many disadvantage factors,such as a short interval of time,spread to a wide range,meanwhile the risk can not simply avoid through the law of large numbers,which is used for production of insurance,all of them led to the development of China’s agricultural products insurance prices has been stagnant.In recent years,with the continuous improvement of futures market price discovery and hedging functions,thus make the market price have the characteristics of continuous,predictability and openness,gradually.Through the futures market risk aversion function transfer the company’s underwriting market price risks,reduce the risk of compensation of insurance company,due to reduce price of insurance subject.Based on the above background,a “Insurance + Futures” innovation mode came into being.Firstly,in this thesis we used the data trend analysis method analyzed and summarized the characteristics of price fluctuation and risk of agricultural products,and used comprehensive literature analysis methods analyzed the limitation of risk management tools for risk aversion,which was the long time choice for the peasant household and government,then theoretically analyzed the superiority of insurance futures innovation mode.Secondly,the analysis of the operation mechanism of the American agricultural income insurance combined with the futures market,we obtained successful experience and related operating conditions of this mode,and then the specific case analysis results show achievement of the mode in United States.Again,through analysis of the practice result of pilot project in our country,which chosen innovation mode of "Insurance + Futures","Xinhu Ruifeng mode",systematically studied operation mechanism of this mode about it operation and achievements.Finally,using economic theory model analyzed theintentions of China’s farmers to participate in the "Insurance + Futures" mode,and adopted the method of comparative analysis studied the feasibility of China’s large-scale implementation of the "insurance + futures" mode.And then,furtherly explored the design pattern,market basis and policy adjustment direction of China’s agricultural products and agricultural products futures price combined insurance.And from the point of view of policy support,participation and improvement of the agricultural futures market function,put forward some corresponding suggestions on widely implementation of "Insurance + Futures" mode.