The Synergy Effect Of Agricultural Credit And Rural Insurance On Rural Poverty Reduction

Since the 18 th National Congress of the Communist Party of China,with the deployment of targeted poverty alleviation and targeted poverty alleviation policies,decisive progress has been made in rural poverty reduction.However,while making great achievements,the remaining poor people have deeper poverty levels,higher poverty reduction costs,and greater difficulty in getting rid of poverty.In 14 contiguous poverty-stricken areas,a large number of poor people gather,and the living environment and living conditions are poor,causing farmers to fall into a long-term The poverty trap brings overall,concentrated and absolute deep poverty.Therefore,in order to solve the problem of poverty alleviation and poverty alleviation in the deepest poverty-stricken areas,and to ensure that the rural poor population will be lifted out of poverty by 2020,the main role of finance in rural poverty reduction must be played.As two important tools for financial poverty reduction,agricultural credit and agricultural insurance both play an important role in rural poverty reduction.At the same time,since the central government's "No.1 Document" first proposed to explore the establishment of a bank-insurance interaction mechanism combining rural credit and agricultural insurance for the first time,to the "Guiding Opinions on Financial Services for Rural Rejuvenation" jointly issued by the five departments in 2019,the government has Issued a coordinated development policy for agricultural credit and agricultural insurance.Based on the above realistic background,this article takes rural poverty reduction as the research object,and studies the synergistic effect of agricultural credit and agricultural insurance on rural poverty reduction.The research ideas followed are from theoretical research to empirical research to policy research.The details are as follows: Theoretical research mainly refers to agricultural credit related theories,agricultural insurance related theories,rural poverty reduction related theories,and agricultural credit and agricultural insurance synergy general theory.Second,the mechanism of agricultural credit and agricultural insurance synergies affecting rural poverty is analyzed.,As a support for theoretical research in this article.The empirical research is based on theoretical analysis,using the static panel model and the GMM dynamic panel model to discuss the synergistic effect of agricultural credit and agricultural insurance,empirically testing its impact on rural poverty,and then through virtual variables to test whether policy changes will Poverty reduction effect that affects the synergy of agricultural credit and agricultural insurance.Finally,based on the previous theoretical research and empirical research as a basis,conduct path research,rationally plan the path of the synergistic effect of agricultural credit and agricultural insurance on rural poverty reduction,and ensure its coordinated development.This paper found through empirical research:(1)From a single perspective: agricultural credit is a significant negative correlation to rural poverty reduction,indicating that agricultural credit can significantly promote rural poverty reduction,which shows that the current agricultural credit policy is in line with the poverty reduction policy and can effectively enlarge credit funds To help reduce poverty and get rid of poverty.The agricultural insurance has a significant positive correlation with rural poverty reduction,indicating that the current level of agricultural insurance development is not sufficient to support rural poverty reduction,but it has inhibited rural poverty reduction;(2)From a synergistic perspective: the interaction of agricultural credit and agricultural insurance There is a significant negative correlation to poverty reduction in rural areas,indicating that agricultural insurance can promote the poverty reduction effect of agricultural credit,and there is a significant synergy between the two.However,the current effect of coordinated poverty reduction is relatively weak.It may be that the development of agricultural insurance and agricultural credit are not synchronized at the current stage,the agricultural insurance protection ability is poor,the coordination mechanism cannot be improved,and the coordinated products are lacking.(3)From a policy perspective: It represents a two-stage policy dummy variable in 2002-2008 and 2009-2016,which is a significant negative correlation to rural poverty reduction,indicating that the introduction of the cooperative mechanism of agricultural credit and agricultural insurance has effectively promoted agriculture The synergy between credit and agricultural insurance,the policy synergy formed by the synergy,also played a key role in promoting the development of rural poverty reduction.To this end,it is necessary to strengthen policy support and expand the synergy of agricultural credit and agricultural insurance at this stage.Assist the cause of poverty reduction and poverty alleviation in deeply impoverished areas.Based on the above research conclusions,this paper designs a synergy path for agricultural credit and agricultural insurance to reduce poverty in rural areas:(1)Improve the bancassurance interaction mechanism and promote the coordination of finance and poverty reduction policies.(2)Build a rural financial institution system to expand poverty reduction coverage;(3)Innovate bancassurance interactive products and services to meet the diverse financial needs of poor areas.(4)Establish a standardized risk prevention system;(5)Improve laws and regulations related to bankinsurance interaction.