Optimization Of Inner Mongolia Corn "Insurance+Futures" Project Of GK Futures Company

Under the background of national market-oriented reform,agricultural subsidies are gradually moving toward marketization.When farmers’ income is exposed to market risks,farmers’ risk avoidance has become a new demand for risk control of "agriculture,rural areas and farmers".Futures as an effective financial tool for risk avoidance and price discovery,combined with the actual needs of farmers,the "insurance + futures" project model arises at the historic moment.The "insurance + futures" project has been carried out in China for seven years,and has been written into the No.1 document of the Central Government for seven consecutive years.The policy orientation of "insurance + futures" has changed from "expansion" pilot project to "optimization" pilot project,in order to give full play to the role of the project and make contributions to farmers and national policies.In this paper,case study method and comparative analysis method are used to study GK futures Company,and the Inner Mongolia corn "insurance + futures" project of GK Futures Company is taken as an example to optimize the "insurance + futures" project from the perspective of futures company.Firstly,this paper combs the theories of financial innovation,agricultural risk management,option pricing model and pricing influencing factors,laying a theoretical foundation for the subsequent optimization.Secondly,the basic situation of Inner Mongolia corn "insurance + futures" project of GK Futures Company is described,including project operation mode,project participants,contract content,hedging strategy,etc.,and the problems existing in the project are analyzed from the two aspects of project mechanism and hedging strategy.Then,from the above two aspects of the proposed problems to GK Futures Company in Inner Mongolia "insurance + corn" project optimization,not only given the specific implementation plan and feasibility analysis and quantitative calculation;Thirdly,in order to ensure the implementation of optimization measures,four optimization safeguard measures are put forward.Finally,this paper summarizes the optimization research and points out the shortcomings of this paper and the future research prospects.This paper puts forward reasonable suggestions for GK Futures Company,hoping to be helpful for futures companies to develop a systematic,feasible and replicable "insurance +futures" project.