Impacts of policy-related agricultural insurance on farmers’ earnings in China's major grain-producing regions

Lili Gu, Yuchen Liu, Fang Liu, Xintong Dong and Yuling Dong

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: Policy-related agricultural insurance can diversify farming risks and compensate damaged farmers’ losses. This study examined the impact of policy-related agricultural insurance on farmers’ earnings in China's primary grain-producing regions. The findings indicate that policy-related agricultural insurance significantly improved farmers’ earnings. Agricultural operational scale, technological advancements, and agricultural credit played an intermediary role in policy-related agricultural insurance on farmers’ earnings. This study provides suggestions including increasing support, guiding the modernization and transformation of policy-related agricultural insurance, promoting coordinated development of agricultural insurance and agricultural credit in order to promote the high-quality development of policy-based agricultural insurance and improve farmers' income.

Keywords: Policy-related agricultural insurance; China's major grain-producing regions; Farmers’ earnings; Fixed effects model (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012182

DOI: 10.1016/j.frl.2024.106189

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