Researchers from Ministry of Emergency Management Discuss Research in Agricultural Insurance (Quantitative Study on Agricultural Premium Rate and Its Distribution in China): Agriculture – Agricultural Insurance

2023 FEB 08 (NewsRx) -- By a News Reporter-Staff News Editor at Agriculture Daily -- Investigators publish new report on agricultural insurance. According to news reporting from Beijing, People’s Republic of China, by NewsRx journalists, research stated, “In recent years, with the deepening of the reform of rural economic systems, the demand for disaster risk governance in land production and management is increasing, and it is urgent for the state to develop agricultural insurance to improve land production recovery capacity and ensure national food security.”

Our news correspondents obtained a quote from the research from Ministry of Emergency Management: “The study develops a quantitative model to determine the agricultural premium rate for each county in China based on disaster risk level in order to refine agricultural insurance. The results show that: (a) in terms of the disaster situation, most of northeast and central China, part of southwest, north, and northwest China are seriously affected; (b) regarding the integrated natural disaster risk level, there are 129 counties with extremely high disaster risk in China; © as for agricultural premium rates based on the integrated natural disaster risk index, some counties in Inner Mongolia, Shanxi, Liaoning, Jilin, Shandong, Anhui, Jiangxi, Zhejiang, Guangdong, Hubei, and Hunan Province had extremely high rates, out of a total of 63 counties. The above results reveal regional differences in disaster risk levels and premium rates between counties, providing a reference for improving the accuracy of agricultural premium rates.”

According to the news reporters, the research concluded: “This contributes to the creation of security for further improving land production capacity and promoting the intensification and sustainable development of agricultural production.”

For more information on this research see: Quantitative Study on Agricultural Premium Rate and Its Distribution in China. Land, 2023,12(263):263. (Land - http://www.mdpi.com/journal/land). The publisher for Land is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/land12010263.

Our news editors report that more information may be obtained by contacting Yaoyao Wu, National Disaster Reduction Center of China (NDRCC), Ministry of Emergency Management, Beijing 100124, People’s Republic of China. Additional authors for this research include Hanqi Liao, Lei Fang, Guizhen Guo.

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