New Agricultural Insurance Findings from Shenyang Agricultural University Described (Analysis On the Effect of Farmer Income of Policy-based Agricultural Insurance): Agriculture – Agricultural Insurance

2023 JAN 03 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators publish new report on Agriculture - Agricultural Insurance. According to news reporting originating in Shenyang, People’s Republic of China, by NewsRx journalists, research stated, “The effect of policy-oriented agricultural insurance on increasing farmers’ income has been controversial all the time. In light of this, this paper first clarifies the operation mechanism of policy-oriented agricultural insurance and its influence mechanism on farmers’ income from the theoretical level.”

Financial support for this research came from Staged Achievements of ‘Research on Sustainable Development of China’s Local Finance’ - National ‘Special Support Plan’.

The news reporters obtained a quote from the research from Shenyang Agricultural University, “Secondly, the fixed-effect model and panel quantile regression are used to empirically test the income effect of policy-based agricultural insurance on farmers, especially the effect on farmers of different income groups based on the panel data of 31 provinces (autonomous regions and municipalities directly under the central government) in China from 2007 to 2019. The results show that although policy-oriented agricultural insurance is beneficial to the increase of farmers’ income on the whole, which has significant heterogeneity on farmers of different income groups, and its influence becomes greater with the increase of farmers’ income.”

According to the news reporters, the research concluded: “In the future, China should attach importance to the design of differentiated subsidy system, adhere to demand orientation so as to be vigilant that agricultural insurance will become the inducement of widening income gap in rural areas on the basis of vigorously develop policy-based agricultural insurance in a continuous manner.”

For more information on this research see: Analysis On the Effect of Farmer Income of Policy-based Agricultural Insurance. Acta Agriculturae Scandinavica Section B - Soil & Plant Science, 2022;72(1):386-400. Acta Agriculturae Scandinavica Section B - Soil & Plant Science can be contacted at: Taylor & Francis As, Karl Johans Gate 5, No-0154 Oslo, Norway.

Our news correspondents report that additional information may be obtained by contacting Yiran Li, Shenyang Agricultural University, Coll Econmo & Management, Shenyang, People’s Republic of China.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1080/09064710.2021.2005820. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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