Case Analysis Of Xinjiang Cotton Income Insurance

Xinjiang is one of the three major cotton producing areas in China.Cotton industry is the leading industry of agriculture in Xinjiang.As an important pillar of Xinjiang's economic development,Xinjiang is of great importance to Xinjiang's national economic development and social stability.Cotton production faces both natural risks and market risks.These risks will ultimately affect the income of cotton farmers and increase the uncertainty of cotton farmers' income.The security level of traditional cotton cost insurance is low,which can no longer meet the risk protection needs of cotton farmers.In recent years,as cotton prices have gradually become market-oriented,cotton prices have experienced large fluctuations,adding uncertainty to the income of cotton farmers.Income insurance can guarantee both production risk and price risk.It use the negative correlation between price and output to avoid risks,which can meet the needs of different business entities and provide more comprehensive and effective risk protection.Income insurance belongs to the "green box policy" under the WTO rules,which is in line with the direction of agricultural insurance transformation and development in China.The development of income insurance is the general trend of government intervention to market-oriented operation.In the 2019 Central Document,it was proposed to promote the income insurance pilot.The agricultural insurance policy should be improved in accordance with the requirements for the expansion of the agricultural insurance product.This paper takes the pilot project of Xinjiang Cotton Income Insurance of China United Property Insurance Co.,Ltd.as a case.Firstly,it introduces the background and development situation of cotton income insurance in Xinjiang from three aspects: development background,insurance plan and pilot status.Based on the analysis of the current risk factors of cotton production and management in Xinjiang,this paper analyzes the operation effect of the cotton income insurance pilot in Xinjiang and the pilot of cotton income insurance from the aspects of business scale,guarantee effect,income insurance function and insurance company compensation.problem.Finally,the conclusions are drawn from the aspects of adding financial subsidies,improving the production and price forecasting mechanism,and strengthening the propaganda of cotton income insurance,and put forward relevant policy recommendations for promoting the pilot development of cotton income insurance in Xinjiang.On the one hand,it can innovate agricultural insurance products for insurance companies.Provide a reference,on the other hand,can provide a basis for supporting insurance support policies.