Agricultural Income Insurance And The Research Of Pricing In China

The main risks faced by agricultural production are yield risk and price risk.At present,the agricultural insurance in our country which can only guarantees the yield risk,and cannot guarantee the risk of income loss caused by the price fluctuation.Agricultural income insurance can guarantee both yield and price risks,which plays an important role in maintaining farmers' income,dispersing agricultural risks and food security.At present,there are only Anxin Rural Insurance and Shanghai disabled Persons' Federation in China and Chinese property insurance has carried out the pilot work of income insurance.Is it feasible to popularize the income insurance of agricultural products in China,and how to study the pricing of income insurance of agricultural products? This article starts from these two aspects and use Jilin Province maize as an example to carry on the research of agriculture income insurance in our country.The United States is the most developed agricultural insurance country in the world,and agricultural income insurance has developed many years,and income insurance is the most important agricultural insurance product in the United States now.In this aticle,we take maize in Jilin Province as an example to annalyze the necessity of popularizing agricultural income insurance in China.this article use maize in Jilin Province as an example,using the H-P filter analysis of yield risk and price risk of corn in Jilin province,the results show that the Jilin province maize farmers are facing higher yield risk and price risk.In this case,the promotion of income insurance for agricultural products can improve the degree of protection of farmers' agricultural income.It plays an important role in safeguarding the national food security and the market-oriented reform of agricultural products.At present,both the macro policy support and the micro level of technology in our country are very beneficial to the promotion of income insurance.So income insurance will be the future direction of agricultural insurance in China.Income insurance premium rate is the core problem of income insurance product design,based on the yield risk and price risk estimation of maize in Jilin province,using parametric methods respectively fit the maize yield and price distribution,and Copula method was used for fitting the joint distribution on the yield risk and price risk of maize,and the correlation index is-0.13,the premium income insurance on corn by Monte Carlo simulation,the security level is 70%-90% level,corn income insurance premium rate is between 5.07%-10.94%.