Agriculture Insurance in China: History, Experience, and Lessons Learned

Ming Wang; Peijun Shi; Tao Ye; Min Liu; Meiqin Zhou

doi:10.1007/s13753-011-0007-6

Article Contents

Article Navigation > International Journal of Disaster Risk Science > 2011 > 2(2): 10-22

Ming Wang, Peijun Shi, Tao Ye, Min Liu, Meiqin Zhou. Agriculture Insurance in China: History, Experience, and Lessons Learned[J]. International Journal of Disaster Risk Science, 2011, 2(2): 10-22. doi: 10.1007/s13753-011-0007-6

Citation:

Ming Wang, Peijun Shi, Tao Ye, Min Liu, Meiqin Zhou. Agriculture Insurance in China: History, Experience, and Lessons Learned[J]. International Journal of Disaster Risk Science, 2011, 2(2): 10-22. doi: 10.1007/s13753-011-0007-6

Citation:

PDF

Agriculture Insurance in China: History, Experience, and Lessons Learned

doi: 10.1007/s13753-011-0007-6

Ming Wang^{1,3
,
,},
Peijun Shi^1,2,3,
Tao Ye^1,3,
Min Liu³,
Meiqin Zhou³

1 State Key Laboratory of Earth Surface Processes and Resource Ecology, Beijing Normal University, Beijing 100875, China;
2 Key Laboratory of Environmental Change and Natural Disasters, Ministry of Education of China, Beijing Normal University, Beijing 100875, China;
3 Academy of Disaster Reduction and Emergency Management, Ministry of Civil Affairs and Ministry of Education of China, Beijing 100875, China

Funds:

This work is jointly supported by the International Cooperation Project (2010DFB20880) Integrated Risk Governance-Models and Modelling funded by the Ministry of Science and Technology of China

Key Team-Built Project funded by the State Key Laboratory of Earth Surface Processes and Resource Ecology

and National Natural Science Foundation of China Project (41001357) Study on the Impact of Spatial Inter-Dependency of Natural Disaster Risk on the Insurability of Losses:Taking Paddy Rice in Hunan Province as an Example. The authors thank the anonymous reviewers for helpful comments and suggestions on early drafts.

Available Online: 2021-04-26

Abstract

Abstract

The development of agriculture and the rural economy play a crucial role in China's socioeconomic system. Agriculture insurance has become key in ensuring the growth of agriculture and stabilizing farmers' income when faced with natural disasters. The focus of this article is the history of the development of Chinese agriculture insurance since the 1980s and the trial of a new agriculture insurance launched in 2007, the policy details implemented in selected provinces, and the operation models. Using results from an investigation and field survey conducted since 2007 in Hunan Province, this article analyzes the performance and effects of this agriculture insurance trial run from the perspectives of different participating stakeholders, and with an emphasis on the program's four principles. The experience and lessons learned are summarized, followed by recommendations on how to ensure the smooth operation and sustainable development of this new agriculture insurance program.
- agriculture insurance,
- agriculture insurance policy,
- agriculture insurance trial,
- China,
- Hunan Province,
- natural disasters

FullText(HTML)

References(17)

References

Barnett, B. J. 2007. The U.S. Federal Crop Insurance Program. Canadian Journal of Agricultural Economics 48(4):539-551.

Communist Party of China (CPC) Central Committee. 2004. Several Policy-Related Suggestions of the CPC Central Committee and the State Council on Increasing Farmers' Income. http://news.xinhuanet.com/zhengfu/2004-02/09/content_1304169.htm (in Chinese).

Editorial Committee of Yearbooks of China's Economy. 1991-2001. Yearbook of China's Economy (1991-2001). Beijing:Editorial Department of Yearbooks of China's Economy (in Chinese).

Editorial Committee of Yearbooks of China's Insurance. 2002-2010. Yearbook of China's Insurance (2002-2010). Beijing:Editorial Department of Yearbooks of China's Insurance (in Chinese).

Gardner, B. L., and R. A. Kramer. 1986. Experience with Crop Insurance Programs in the United States. In Crop Insurance for Agriculture Development:Issues and Experiences, edited by P. Hazell, C. Pomareda, and A. Valdez, 195-222. Baltimore, MD:Johns Hopkins University Press.

Glauber, J. W. 2004. Crop Insurance Reconsidered. American Journal of Agricultural Economics 86(5):1179-1195.

Goodwin, B. K. 2001. Problems with Market Insurance in Agriculture. American Journal of Agricultural Economics 83(3):643-649.

Government of the People's Republic of China. 2006. Several Suggestions of the State Council on the Reform and Development of Insurance Industry. http://www.gov.cn/zwgk/2006-06/26/content_320050.htm (in Chinese).

——. 2009. Insurance Law of the People's Republic of China. http://www.gov.cn/flfg/2009-02/28/content_1246444.htm (in Chinese).

Guo, Y. L., S. Cheng, A. R. Wang, and G. Y. Liu. 2007. The Agricultural Risk Management Report of China. In China Risk Governance Report, edited by D. F. Wu, 103-134. Beijing:Chinese Finance and Economy Press (in Chinese).

Ibarra, H., and J. Skees. 2007. Innovation in Risk Transfer for Natural Hazards Impacting Agriculture. Environmental Hazards 7(1):62-69.

Ministry of Finance. 1993. Detailed Rule for the Implementation of the Provisional Regulation of the People's Republic of China on Business Tax. http://www.cbize.com/.

Ministry of Water Resources of the People's Republic of China. 1999. China' 98 Great Flood. Beijing:China WaterPower Press (in Chinese).

People's Bank of China. 1982. Opinion and Suggestion on the Recovery Situation of Domestic Insurance Business and Future Development. Gazette of the State Council of the People's Republic of China (in Chinese).

Shi, P. J., D. Tang, J. Liu, B. Chen, and M. Q. Zhou. 2008. Natural Disaster Insurance:Issues and Strategy of China. In Asian Catastrophe Insurance, edited by C. Scawthorn and K. Kobayashi, 79-93. London:FLAGSTONERE (Flagstone Reinsurance).

Skees, J. R. 1999. Agricultural Risk Management or Income Enhancement. Regulation 22(1):35-43.

WTO (World Trade Organization). 1995. WTO Agreement on Agriculture. http://www.wto.org/english/docs_e/legal_e/14-ag_01_e.htm.

Relative Articles

Supplements(0)

Cited By

Proportional views