Research On The Development Of Policy-based Agricultural Insurance In Weihai

Agriculture is the primary industry and the foundation of the national economy.The orderly development of agriculture is related to the healthy development of the national economy.At the same time,agriculture is a weak industry,objectively there are many risks,especially in the natural risks,such as flood,drought,hail,typhoon,pests and diseases.Shandong province began to promote the central policy-based agricultural insurance pilot work in 2006,Weihai city in response to the provincial government's call,gradually carry out policy-based agricultural insurance pilot work.Policy-based agricultural insurance is an insurance dominated by the government and operated by insurance companies.When there is a natural disaster,the government will subsidize the insurance companies in terms of premiums,tax preferences and subsidies for farmers' economic losses.Policy-based agricultural insurance plays an important role in diversifying agricultural risks,innovating government relief methods,protecting farmers' real interests,and guaranteeing farmers' income growth.At present,Weihai is orderly,policy-oriented agricultural insurance business varieties of wheat,corn,peanuts,apples,to sow,pig,public welfare forest,etc.,but in the process of policy agricultural insurance development,farmers,insurance companies,the government many problems exist in three aspects,through the analysis can be seen that one is less varieties of ginseng,ginseng protect farmers enthusiasm is not high;Second,the insurance company's loss ratio is high,the input intensity is not big;Third,the government policy subsidies are not high,need to strengthen;The fourth is the lack of a unified system,the degree of cooperation is not high.Therefore,it is of great significance to study the development of policy-based agricultural insurance in Weihai.In this article,through statistical yearbook statistical yearbook of Shandong province,Weihai and field visit research area from 2008 to 2018,Weihai three cities of panel data,using panel data determined by three test random effect model to carry on the empirical analysis,thus draws the total power of agricultural machinery,government subsidies,the premium income of insurance company,the per capita net income of farmers and rural population of these five factors are effective in promoting agriculture development in Weihai city.The influence factors of insurance companies' compensation amount restrict the development of policy-based agricultural insurance in Weihai city.The main reason is that insurance companies are unwilling to spend more manpower and material resources on policy-based agricultural insurance because of their high operating cost and high loss rate,which will hinder the development of policy-based agricultural insurance.This article also through random sampling way of questionnaire,from the government level,farmers level,the insurance company level of Weihai city the effectiveness of the policy-based agriculture insurance in the further in-depth investigation,through sampling survey,has been clear about the three levels of policy agricultural insurance's attitude is positive,to ensure the effectiveness of Weihai policy-related agricultural insurance.Through the empirical results and the effectiveness of the investigation and analysis,four Suggestions are drawn: first,to enhance the diversification of insurance demand,improve farmers' insurance awareness;Second,increase the input of insurance companies;Thirdly,the government should introduce relevant policies as soon as possible to establish catastrophe fund and reduce the loss ratio of insurance companies.Fourth,work together among various departments to set up a joint supervision working group to strengthen supervision and promote the development of policy-based agricultural insurance.