Weather insurance is regarded as a powerful tool to protect small-scale farmers from the economic impacts of natural disasters. In cases in which insured farmers suffer a loss, insurance payouts mitigate the financial consequences that otherwise could have forced them to apply disruptive coping ...
The value accounted for more than 60 percent of total agricultural insurance payouts last year, according to figures released by the provincial banking and insurance regulatory bureau. The compensations were paid to offset the losses of farmers, help them resume pig farming and stabilize the pork ma...
a 41.7-billion-yuan premium was generated from crop insurance, with protection for 114.7 million hectares of crops, covering more than 70% of rice, wheat, and maize sown in China (Ye et al., 2020). In the same year, agricultural insurance payouts reached USD 5.2 billion, and it paid 34....