Research On Determination Of Potato Income Insurance Rate In Shandong Province

Potato is an important crop related to my country’s poverty alleviation strategy and an important part of the long-term and stable development of my country’s agriculture.In 2015,potato was recognized as another staple food crop after wheat,rice and sorghum,and its staple food work was also put on the relevant agenda.Potato-related insurance products have also attracted more and more attention from people from all walks of life.The fertile soil and suitable climate in Shandong Province provide excellent congenital conditions for the development of the potato industry;and with the continuous advancement of agricultural modernization,the further development of mechanization and specialization also escorts the potato industry;The potato price is recorded in detail,which provides a risk warning for the market risk of the potato industry.In 2018,Shandong Province began to implement potato planting insurance to provide protection against yield risks in the potato industry.With the continuous improvement of the professional level of agricultural management,the loss of crops caused by natural disasters is less and less.On the contrary,the frequency of crop price risks caused by market fluctuations is increasing.Therefore,planting insurance that only provides yield guarantee has been unable to meet farmers’ increasing risk protection needs,and the research and promotion of income insurance is imperative.This paper first analyzes the feasibility and necessity of promoting the implementation of potato income insurance in Shandong Province,processing the data of potato yield and price collected in Shandong Province from 2000 to 2019,and conducting stability tests.The HP filtering method is used to detrend,and the processed ones are fitted to obtain the most suitable marginal distribution.Then,the determination of the potato income insurance rate is realized by Copula function and Monte Carlo simulation.Then,on the basis of the calculated rates,combined with the actual situation of Shandong Province and the relevant regulations of the insurance industry,the framework of potato income insurance in Shandong Province was designed.Finally,such as strengthening risk management,providing financial subsidies,improving risk diversification,and making full use of insurance technology have implemented.