200 Grain-Producing Counties to Take Part in Pilot Agricultural Disaster Insurance Program

A total of 200 major grain-producing Chinese counties will pilot agricultural disaster insurance this year and next year to improve their ability to counter natural disasters, according to the Ministry of Finance…Full Article: ECNS.cn May 2017 Key Point According to the Ministry of Finance, the pilot agricultural disaster insurance program will primarily cover rice, wheat,

China’s Agricultural Insurance Program Covers ~100 million ha of Farmland

China’s agricultural insurance pocketed 32.57 billion yuan (5.29 billion U.S. dollars) in 2014, an increase of 6.2 percent year on year, according to the China Insurance Regulatory Commission on Wednesday [4 March 2015]. The number of insured farms reached 247 million, up 15.71 percent year on year, according to a statement on the commission’s website.

Agricultural Insurance on the Rise in Northeastern China

China’s fledgling agricultural insurance sector has buffered farmers against greater losses after hail, pest outbreaks and a massive typhoon hit China’s breadbasket, the northeastern provinces of Heilongjiang and Jilin, a local official said Thursday. “Agricultural insurance has proven instrumental in transferring risks and stabilizing farmers’ income,” said Liu Feng, director of the Heilongjiang Provincial Insurance