Research On The Model Of Peanut "Insurance +Futures" In Runan County To Help Precise Poverty Alleviation

Since 2016,"Insurance Futures",as a financial innovation model,has been regarded as an important means of serving the "Sannong" field,and has been mentioned in the No.1 Central Document for eight consecutive years.At present,as more and more crop futures and options are listed,with the government,insurance companies,futures companies,futures exchanges and other institutions as the initiators,various regions have successively implemented pilot projects of crop "insurance futures" to help targeted poverty alleviation.Most of the related projects benefit poor households who have filed and registered cards.With the financial support of the government,futures companies and other institutions,poor farmers can obtain opportunities to diversify planting risks while paying a small amount of insurance premiums or even exempting them from paying insurance premiums.It plays an important role in stabilizing the enthusiasm of farmers to produce crops and ensuring income.In this context,based on the essence of targeted poverty alleviation,in order to more comprehensively analyze the effectiveness of the "Insurance Futures" project in helping targeted poverty alleviation,the peanut "Insurance Futures" project in Runan County was selected as a pilot project as a research case.The project focuses on helping poor farmers avoid price risks.The main beneficiaries are 659 registered poor households who grow peanuts.The Runan County Government and futures companies will jointly bear the insurance costs.Price insurance and over-the-counter option products,so as to achieve the practical requirements of helping,reducing the financial burden of the government,obtaining certain income for financial institutions,and dispersing risks.On the basis of introducing the basic situation of the peanut industry,project subject,project progress and financial products in Runan County,combined with the performance of the current price of the main asset underlying peanut futures PK2110 during the duration,the project is analyzed separately at the end of each month as the settlement time point The net profit and loss of poor farmers,insurance companies and futures companies in the one-time settlement and monthly settlement after several months.Through calculation,compared with the case of not participating in the project,the net income of the impoverished rural households participating in the project at the end of any month is higher than the current absolute poverty standard.However,under various project participation methods,taking my country’s relative income poverty line as a reference,the net income of poor rural households has not reached the standard.During the corresponding period,the net income of insurance companies and futures companies is in a trade-off relationship,and premiums,insurance premiums,and project continuation methods are important factors that affect whether both can achieve positive income at the same time.Further summarize the advantages and disadvantages of the model.Obtained: On the one hand,this model can achieve precise targeting of the poor,improve the enthusiasm for peanut planting,flexibly leverage the efficiency of the use of poverty alleviation funds,and provide a reference for the smooth promotion of the project.But on the other hand,the project has problems such as short duration,mismatch with the seasonal characteristics of peanut prices,single risk avoidance,and vague supervision.Inspired by this,if the government can use the "insurance futures" model to improve the efficiency of poverty reduction funds,the effectiveness of this model is based on the scientific and rational design of project elements,and cross-industry supervision will be the focus of the development and improvement of the model fields etc.Finally,from the perspectives of the government,poor farmers,insurance companies and futures companies,suggestions are made for the promotion and development of "insurance futures" to help targeted poverty alleviation.For example,the government should improve the targeting mechanism,improve the identification accuracy,formulate targeted laws and regulations,and strengthen Industry supervision;poor farmers should receive financial knowledge popularization and skill training through formal channels;financial institutions should consciously accept external supervision,innovate and promote more agricultural insurance products,off-market and on-market option products,etc.