Research On The Model Of Price Risk Management Of “Order+Insurance+Futures”

With the development of China's international trade in agricultural products and the impact of foreign capital on the soybean industry,China's soybean industry is facing the situation that domestic soybean production capacity is insufficient and consumption relies heavily on imports.At the same time.Due to the implementation of agricultural supply-side reform in China,the policy of purchase and storage of a variety of agricultural products has been cancelled,resulting in frequent fluctuations of agricultural product prices,which greatly affects the enthusiasm of agricultural producers and restricts the development of agriculture in China.In order to enhance the production enthusiasm of agricultural producers,and promote the agricultural development in our country,"Insurance + Futures" price risk management models,the model in the protection of farmers did prices,scattered farmers risk has certain positive role,but it's still there price risk management costs,income of agricultural producers and did way too security problems.The launch of the new " Order + Insurance + Futures " price risk management mode solves the above problems to some extent." Order + Insurance + Futures " mode by introducing the order and the basis of trade,can effectively improve the level of agricultural marketization,ensure the marketing channel of agricultural products,and through the basis pricing spread price risk to other traders,the futures market to efficiently manage price risk,improve income of agricultural producers and planting enthusiasm,promote the healthy development of agriculture,China's grain security.With case analysis and comparative analysis,this paper first to the traditional model of "insurance + futures" and new " Order + Insurance + Futures " pattern analysis and elaboration,and comparing the two kinds of mode,the model of the " Order + Insurance + Futures " comparative advantage,the price risk management characteristics and effect of new mode analysis.Then,the trial of the " Order + Insurance + Futures " price risk management mode of soybean carried out by Heilongjiang Zhaoguang farm in cooperation with Sunlight Mutual Insurance,Nanhua futures and Jiusan group was elaborated,and its basic operation mechanism,specific operation process,price risk avoidance measures and cooperation benefits were clarified.Finally,based on the pilot situation of the tripartite cooperation,this paper puts forward feasible suggestions.It is suggested to increase the innovation input in the futures market,intensify the innovation in the futures and options field,and establish and improve the " Order + Insurance + Futures " floor trading system.It is suggested that insurance companies should develop multi-level insurance products and guarantee policy pledge loan business.It is suggested to strengthen the education of financial knowledge in agricultural production and promote the organization of agricultural production.It is suggested that the agricultural product processing enterprises should hedge the base difference and establish the centralized purchasing system.Through the above Suggestions,this paper provides reference for the development and promotion of " Order + Insurance + Futures " mode in the future.