China’s finance ministry published an implementation plan to accelerate
high-quality development of agricultural insurance, directing stronger crop risk
protection and expanded coverage for major commodities including staple grains,
cotton, oilseeds, sugar and rubber. The plan calls for improving regional
balance in agricultural insurance and refining premium-sharing mechanisms below
the provincial level. It mandates a gradual reduction in county-level premium
subsidy ratios in major grain-producing counties, promotion of full-cost and
planting income insurance for rice, wheat, corn and soybeans, and expanded
insurance support for potatoes, rapeseed, peanuts, sugar beet, highland barley
and rice/wheat/corn seed production.
