Quantitative Study on Agricultural Premium Rate and Its Distribution in China

Yaoyao Wu, Hanqi Liao, Lei Fang and Guizhen Guo ()
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Yaoyao Wu: National Disaster Reduction Center of China (NDRCC), Ministry of Emergency Management, Beijing 100124, China
Hanqi Liao: National Disaster Reduction Center of China (NDRCC), Ministry of Emergency Management, Beijing 100124, China
Lei Fang: National Disaster Reduction Center of China (NDRCC), Ministry of Emergency Management, Beijing 100124, China
Guizhen Guo: National Disaster Reduction Center of China (NDRCC), Ministry of Emergency Management, Beijing 100124, China

Land, 2023, vol. 12, issue 1, 1-14

Abstract: 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. 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; (c) 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. This contributes to the creation of security for further improving land production capacity and promoting the intensification and sustainable development of agricultural production.

Keywords: agricultural insurance; integrated disaster risk index; premium rate setting; regional differences; land production (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2023
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