In recent days, mr. Xu has completed a special contract in the shinshin forest of the new village of the town of mau namaho. He insured more than 2,000 saffron trees, which became the subject of the first commercial saffron-plant insurance in shigee. The fall of this policy, which extends the coverage and specialization of insurance services to the fragrance specialty industry, is another solid step forward in the revitalization of the financial services sector in the country, which is known for its dangers, and in helping to “quality development projects in hundreds of towns and villages”。
Filling risk assurance gaps in sunken aroma cultivation
“we have asked several times before, saying that there is no insurance specifically for the fragrance.” mr. Xu, frankly. Before the insurance policy landed, he faced the same dilemma as many local growers: he was exposed to unpredictable risks such as typhoons, fires, pests and diseases, with large and long-term fragrances and chronic risk-taking。
This long-standing gap in demand reflects the limitations of the existing agricultural insurance system in terms of coverage of high-value cash crops. The lack of risk security in the aroma industry, which is an important component of the “five trees and one fish” specialty industrial system, not only affects the motivation of growers but also constrains the healthy development of the industry's scale。
With the guidance and support of the maoming municipal fiscal authority, the mamumi municipal forestry authority, the shiming municipal branch of the people's bank of china and the shiming sub-directorate of the national financial supervisory authority, the new commercial sauna plant insurance policy of taipei was implemented in response to the central financial work conference's practice of preparing “five articles” on inclusive finance and green finance requirements. The upgrading of financial services from “wide coverage” to “precision irrigation” is reflected in the extension of traditional agro-risk services to high-value cash crops through precise identification of risk characteristics of niche agriculture。
“we do not just sell a policy, but rather support the development of niche industries through financial instruments.” according to the head of the project, it was too risky to deliver. This innovation marks the expansion of insurance services from traditional risk compensation to integrated functions that serve local industrial development and assist rural renewal。
Customize risk solutions for niche industries
The landing of the insurance provided real risk protection to the saloon growers and increased confidence in long-term investment. From an industry perspective, the establishment of such a safeguard mechanism would help to promote the scaling up and standardization of saliva cultivation and enhance the overall risk resistance of industry. At the policy level, this is also a concrete manifestation of the participation of financial forces in the “millions of projects” and the high-quality development of the service district economy, creating a virtuous interaction pattern of “policy orientation, financial empowerment, industrial development, and the benefits to farmers”。
First down is just the beginning. According to the pro-poor side, in the future there will be sustained attention to the insurance needs of the cosmopolitan industry, further improvement of the safeguards programme, and exploration of an industry-wide chain insurance service model covering planting, processing and marketing. It will also be an opportunity to deepen the financial needs of local niche agriculture, under the guidance of the relevant departments, and to provide customized risk solutions for more niche industries, such as “five trees, one fish, one fish, one table”, to enable the financial viability of the rural rejuvenation of the vast fields。
