What types of agricultural insurance does China provide?

When it comes to the types of insurance, insurance products must be mentioned. At present, China's insurance products can be roughly divided into five categories: 1. Production cost insurance: the guaranteed amount is the direct materialized cost of crops and livestock and poultry (the cost of seeds, fertilizers and mechanical farming), and it is the main policy agricultural insurance product. 2. Output insurance: based on a certain proportion of the average output in the past few years, the output difference is multiplied by the government purchasing and storage price to compensate the output loss caused by the disaster. 3. Price insurance: protect the market price loss of agricultural products, and determine the market price (protection price) of agricultural products when they are listed in advance. If the market price at the time of listing is lower than the guaranteed reserve price, the insurance company will compensate the difference. 4. Weather (meteorological) index insurance: compensation is not based on the loss of crop yield caused by disasters, but on a certain weather index in a certain area. This kind of insurance does not require survey and damage assessment. 5. Agricultural income insurance: insurance to protect the income of the insured crops or family farms, whether it is a disaster or because of the decline in market prices, not only to protect natural risk losses, but also to protect market risk losses. At present, 85% of insurance in the United States is income insurance. At present, production cost insurance is still implemented in most areas, and the level of protection of this insurance is relatively low, which can be regarded as inclusive financial support for agriculture. There are 13 provinces in China, which are the main grain producing areas. In view of the current situation of land circulation and high rent, the state launched a catastrophe insurance pilot in 200 counties in the main grain producing areas in June 17. The biggest highlight is that land costs are included in the scope of insurance liability, which improves the level of protection.