Govt to raise agricultural insurance premium subsidies By Chen Jia | chinadaily.com.cn | Updated: 2021-07-07 13:58 Share CLOSE Farmers involved in a wheat planting demonstration area in Pinglu county, Shanxi province, begin harvesting the summer wheat on 80 hectares of farmland. [Photo by Liu Wenli/For chinadaily.com.cn]
The Chinese central government will raise subsidies for agricultural insurance premiums in more pilot areas, and the subsidy policy is following international rules, a senior official from the Ministry of Finance said.
Subsidies will be provided to crop-growing farmers who buy full-cost insurance or income insurance. The former covers various costs of agricultural production, including that of seeds, land and labor, and losses from natural disasters. And the later covers losses due to price and output fluctuations, according to the ministry.
Govt to raise agricultural insurance premium subsidies
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