An Analysis of the Impact of Fiscal Subsidies on Farmers' Demand for Agricultural Insurance
Xiaojun Pan, Chengyi Pu, Mingyan Yang
Available Online September 2019.
- https://doi.org/10.2991/wrarm-19.2019.41How to use a DOI?
- financial subsidies, agricultural insurance, farmers' income
- This paper analyzes the current situation of agricultural insurance and subsidies in Sichuan Province from 1998 to 2018, and finds that financial premium subsidies, disaster-stricken areas, per capita disposable income, and claims ratios have certain correlations with agricultural insurance. Among them, financial subsidies increase farmers' demand for agricultural insurance by reducing farmers' participation in agricultural insurance, and effectively reduce the risk of agricultural production. However, the incentive effect on the demand of farmers has not been expected to have a large effect, such as low compensation rate, low coverage rate, market violations, adverse selection, and single subsidy mechanism. It was also found that in the early 21st century, Sichuan Province, as a large agricultural province in the southwestern region, was in a state of very depressed agricultural insurance. Under the background of the national policy to promote the development of agricultural insurance, it was also the first batch of the 2007 financial premium subsidy policy. One of the pilot units, its agricultural insurance development has achieved remarkable results and ranks among the top in the country. Therefore, the government should continue to improve the subsidy policy, innovate the subsidy mechanism for agricultural insurance, better understand the needs of farmers, better play its functions to support agricultural development, ensure farmers' incomes, and promote rural revitalization.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Xiaojun Pan AU - Chengyi Pu AU - Mingyan Yang PY - 2019/09 DA - 2019/09 TI - An Analysis of the Impact of Fiscal Subsidies on Farmers' Demand for Agricultural Insurance BT - Proceedings of the Sixth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2019) PB - Atlantis Press SP - 198 EP - 201 SN - 1951-6851 UR - https://doi.org/10.2991/wrarm-19.2019.41 DO - https://doi.org/10.2991/wrarm-19.2019.41 ID - Pan2019/09 ER -