Feasibility of Developing Crop Revenue Insurance in China

This paper discusses the significance and the feasibility of developing crop revenue insurance in China. There are three critical factors for successful schemes, i.e. ample regional yield-price information, effective ways of price discovery and extensive public support for regulation and finances. Although there are problems and inefficient, the foundation of developing crop revenue insurance in China is available, the developing trend is optimal comparatively. We suggest well-preparing regional yield data and price data, complement the value-found function of crop futures market, reinforce the regulation of agriculture insurance fiscal fund, crop insurance can be implemented in some region experimentally, the discussion and preparation of some rules should be actively developed, specified insurance company can try to accumulate and analyze relevant data in order to research and explore the principal of pricing and measure.