News from our newspaper On June 28, the first pilot project of "insurance + futures" price insurance for live pigs with local financial subsidies in Jiangsu Province, which was carried out by Hongye Futures United Insurance Company, was officially signed, which marked the further development of the risk management tool system for live pig prices in Jiangsu Province. The improvement has opened up a new way to effectively deal with the "pig cycle" for the main body of small and medium-sized pig breeding in the province.
The pilot project of “insurance + futures” for live pigs, which was first launched in Xuzhou, Huaian, Yancheng and other regions this time, is a beneficial exploration of the government and the financial industry to serve the revitalization of rural industries.The proportion of agricultural insurance premium subsidy funds provided by Jiangsu provincial finance to each districted city for the pilot project of live pig “insurance + futures” shall not exceed 40% of the total premium (the upper limit is 5 million yuan); The ratio is not less than 40% of the total premium; the self-paid premium of the insured pig breeding subject does not exceed 20%, which greatly reduces the financial pressure of the insured subject.
It is reported that Hongye Futures will work with insurance companies in Jiangsu Province to steadily and orderly implement live pig “insurance + futures” price insurance in pilot cities and counties (districts) under the supervision of the local government, so as to contribute to the healthy development of the pig industry in Jiangsu Province.” price protection".(Cao Weixin)
(Editor in charge: Jiang Ninglu)
