Inner Mongolia Agricultural University Researchers Describe Recent Advances in Agricultural Insurance (The Impact of Agricultural Insurance on Planting Structure Adjustment-An Empirical Study from Inner Mongolia Autonomous Region, China): Agriculture – Agricultural Insurance

2024 FEB 13 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators publish new report on agricultural insurance. According to news originating from Hohhot, People’s Republic of China, by NewsRx editors, the research stated, “Agricultural insurance is a risk management tool developed to guarantee regional production and national food security.”

Funders for this research include National Natural Science Foundation of China; Fundamental Research Funds For The University in Inner Mongolia, China; Education Department of Inner Mongolia Autonomous Region.

Our news reporters obtained a quote from the research from Inner Mongolia Agricultural University: “Based on survey data from 629 households in the Inner Mongolia autonomous region, China, this paper examines the impact of agricultural insurance on farmers’ planting structure. The results show that: (1) Farmers’ participation in agricultural insurance significantly affects their planting structure, especially lowering the level of specialization in production; insured households are about 3-6% lower than the non-insured, and there is a complementary effect between insurance participation and diversified planting. (2) For different types of farmers, participating in insurance has different effects on their agricultural production structure. Farmers purchasing insurance with low or medium levels in proportion to agricultural income significantly reduce the degree of production specialization. The effect of participation in insurance on large-scale farmers’ adjustment of planting structure is more obvious. For pure grain farmers, participation in insurance will reduce planting specialization by about 3-4%.”

According to the news editors, the research concluded: “(3) Participation in agricultural insurance will encourage farmers to plant grain crops, but the effect is small. Therefore, we need to expand the coverage areas, increase insurance types, and improve coverage levels; the products should be more targeted and differentiated, strengthening farmers’ participation in complete cost insurance and income insurance.”

For more information on this research see: The Impact of Agricultural Insurance on Planting Structure Adjustment-An Empirical Study from Inner Mongolia Autonomous Region, China. Agriculture, 2023,14(1):41. (Agriculture - http://www.mdpi.com/journal/agriculture). The publisher for Agriculture is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/agriculture14010041.

Our news journalists report that more information may be obtained by contacting Zhihui Chai, College of Economics and Management, Inner Mongolia Agricultural University, Hohhot 010018, People’s Republic of China. Additional authors for this research include Xiaoxia Zhang.

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