Research On The Influence Of Social Trust On The Livestock Insurance Participations

China is recognized as a major producer of animal husbandry in the world.In 2020,the total output value of animal husbandry in China reached 4,026.667 billion yuan,with a year-on-year increase of 21.78%.While animal husbandry plays an important role in agricultural and rural economic development,its development is hindered by high cost and high risk to some extent.In order to realize sustainable development of animal husbandry industry,Chinese government has made a lot of efforts to further popularize and optimize policy-based animal husbandry insurance.Since the pilot policy of regional insurance was formally implemented in 2007,animal husbandry insurance has achieved full coverage in all provinces in China,and its guarantee level surpassed that of planting insurance for the first time in 2018,making remarkable contributions to increasing the income of herders and ensuring the stable production of animal husbandry.However,the demand for policy-based animal husbandry insurance in China is low,which does not match the high-risk exposure of herders.In theory,the demand for livestock insurance should increase as the risk exposure increases.However,compared with the rapid development of the livestock industry as a whole,the penetration rate of policy-based animal husbandry insurance in China is relatively low in a long period of time.Studies have shown that the factors affecting the insurance participation behavior of herders come from many aspects,including family characteristics,production conditions,breeding years and breeding scale,health level and insurance cognition level.However,in the case of "differential pattern" in China’s rural society,social trust,which is a supplementary factor to informal institutions,obviously affects individual economic decisions to a great extent.Under the above background,what are the characteristics of social trust of herders and whether it can affect their insurance participation behavior have become issues that need further discussion.On the basis of summarizing and analyzing relevant literatures at home and abroad,this paper categorizes and sorts out the main factors that affect the insurance participation behavior of pastoral households,and focuses on exploring the influence and mechanism of social trust on the insurance participation behavior of pastoral households.Secondly,it explores and collates the development history of animal husbandry in China and Qinghai province.Then,based on the field survey data of four villages in Fujuan County,Hainan Tibetan Autonomous Prefecture,Qinghai Province in 2020,it conducts empirical analysis by constructing the evaluation index system of social trust,and verifies the influence of social trust on the participation behavior of policy-based animal husbandry insurance of pastoral households.It provides a new perspective for the research on the influence of social trust as an informal institutional factor on concrete economic behavior.The conclusions of this paper are as follows:The higher the degree of social trust,the more inclined to participate in policy animal husbandry insurance.The higher the social trust is,the more likely it is that the herders are motivated by reducing the cost of insurance information search and increasing their expectation of insurance benefits,thus promoting their insurance purchasing behavior.In addition,among other influencing factors,age has a significant positive impact on the participation behavior of pastoral households.The older the pastoral households are,the more enthusiastic they are to participate in policy-based animal husbandry insurance.In contrast,male herders are more inclined to participate in policy animal husbandry insurance;Herders with "semi-enclosed" farming are more likely to be insured.Finally,based on the related theory and the empirical research results,respectively from the perspective of government and the insurance company,put forward the corresponding countermeasures and Suggestions,mainly including government level to improve the villagers in the rural governance of social trust,clear government policy animal husbandry insurance regulatory responsibilities,strengthen the government policy to animal husbandry insurance publicity,At the level of insurance company,it is necessary to formulate reasonable policy-based animal husbandry insurance clauses,standardize the process of loss and claim settlement of policy-based animal husbandry insurance,and cultivate interdisciplinary talents of policy-based animal husbandry insurance.By putting forward the above policy suggestions,it is hoped to help the rapid popularization of policy-based animal husbandry insurance in Qinghai province and even in the vast pastoral areas of China.