Study On The Effect Of Financial Subsidies On The High Quality Development Of Agricultural Insurance In Henan Province

Despite the process of urbanization,agriculture still serves as the foundation of China’s national economy.The changes in domestic and international situations,as well as the COVID-19 pandemic,have emphasized the importance of agricultural development for national security and social stability.Henan Province is one of the major agricultural provinces in China and holds an important position in agricultural production.The high-risk,high-cost,and low-profit characteristics of agricultural insurance have led to the dependence of its development on subsidies from various levels of government.It is generally believed that financial elements are the driving force and support for the policy-oriented development of agricultural insurance.In the past two to three years,multiple levels of government have faced increasing financial difficulties due to the pandemic and epidemic prevention and control.Therefore,the size and efficiency of financial subsidies need to be qualitatively and quantitatively analyzed in the face of possible reductions in subsidies for agricultural insurance.This will help to more reasonably determine or adjust the methods and scale of subsidies,improve the efficiency of subsidy utilization and management,and promote the highquality development of agricultural insurance,especially by improving financial subsidy policies.This paper uses a combination of qualitative and quantitative methods to firstly analyse the relationship between agricultural insurance development and financial subsidies through a discussion to make preliminary hypotheses,and secondly select indicators to measure the high quality development of agricultural insurance to quantitatively analyse the effect of financial subsidies on the high quality development of agricultural insurance in 18 municipalities in Henan Province,and conclude that financial subsidies have a facilitating effect on the high quality development of agricultural insurance in Henan Province.However,there are differences in the production efficiency of each prefecture-level city and low production efficiency due to the differences in the management level of financial subsidies for agricultural insurance and the scale of financial subsidies by the municipal government departments in each city.It shows that to achieve the high-quality development of agricultural insurance in the 18 prefecture-level cities in Henan Province,it is necessary to explore the efficiency of financial subsidies in each city based on the recommendation to develop innovative and special agricultural insurance according to local conditions,encourage It is suggested that the municipalities should develop innovative agricultural insurance with local characteristics,encourage large-scale production,establish a third-party guarantee system and strengthen the supervision of the use of financial funds,so as to deepen the innovation of the high-quality development of financial subsidies for agricultural insurance and improve the operational efficiency of financial subsidies,thus helping the high-quality development of agricultural insurance in Henan Province.