A few days ago, the signing ceremony of Guangxi's first cultivated land fertility index innovation insurance was held in Chenghuang Town, Xingye County. At the ceremony, Xingye County signed a contract with China Property & Casualty Insurance Guangxi Branch. The successful holding of the signing ceremony marks that Xingye County in Guangxi has ushered in a new opportunity for agricultural development - the innovative insurance of cultivated land fertility index has officially landed in Guangxi. This new insurance product launched by China Property & Casualty Insurance will provide new ideas and protection for Guangxi's agricultural development.
It is understood that the cultivated land fertility index is a new policy launched by the state in recent years to ensure food security. This policy aims to improve the fertility of cultivated land, protect soil health, increase crop yields, and provide a strong guarantee for the country's food security through green and ecological farming methods. The purpose of the cultivated land fertility index is to encourage farmers to innovate ways and methods, take green ecology as the guide, and comprehensively adopt measures such as straw returning, subsoiling and land preparation, reducing the amount of chemical fertilizers and pesticides, and applying organic fertilizers to improve the soil fertility of cultivated land. The launch of the innovative insurance of cultivated land fertility index is a manifestation of China Property Insurance's response to the national strategy.
Cultivated land fertility index innovation insurance is a new type of agricultural insurance product, which aims to provide more comprehensive and reliable protection for agricultural production through the introduction of advanced scientific and technological means and agricultural management concepts. The insurance is based on the soil fertility index of cultivated land, and provides corresponding insurance protection for the insured cultivated land according to the soil quality, climatic conditions, planting structure and other factors of the cultivated land. This means that if the cultivated land fertility index during the insurance period is lower than the agreed standard, the insurance company will compensate the policyholder accordingly according to the agreed compensation standard.
The launch of this insurance has received strong support from the local government. Guangxi is one of China's major agricultural provinces, with a vast area of cultivated land, but the efficiency of agricultural production is generally low, and the income of farmers is unstable. The introduction of cultivated land fertility index insurance makes the compensation strictly linked to the improvement level of cultivated land fertility, forming a strong constraint mechanism for cultivated land fertility protection, which is helpful to help the best institutions better implement the cultivated land protection policy and effectively achieve the policy objectives of cultivated land fertility protection. At the same time, it can make up for the agricultural costs of producers to a certain extent, thereby improving the enthusiasm of producers to protect cultivated land and carry out grain production, and effectively help the implementation of the strategy of "storing grain on the ground". In the future, this new idea of agricultural development will also go to more agricultural areas with the promotion of innovative insurance for cultivated land fertility index, so as to benefit farmers and agriculture.