Research on Protecting Chinese Farmers' Agricultural Earnings: A Viewpoint Based on the Rationality of Income Insurance Pricing for China's Cotton
Abstract
The China places significant emphasis on agricultural and rural development, along with augmenting farmers’ earnings. Farmers’
income is susceptible to crop price fluctuations and yields. Income insurance, a financial tool China is exploring to shield farmers’ income, has
shown unsatisfactory performance. There’s an urgent need to pinpoint issues and refine the problematic areas of income insurance. The core of
income insurance is gauging the extent of income risk. In practice, income insurance hasn’t been successfully rolled out nationwide, indicating unresolved issues in the current income risk model.
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DOI: http://dx.doi.org/10.70711/memf.v2i12.8370
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