Journal of Northeastern University(Social Science) ›› 2018, Vol. 20 ›› Issue (3): 262-269.DOI: 10.15936/j.cnki.1008-3758.2018.03.007

• Economics and Management • Previous Articles     Next Articles

Research and Design of Weather-index Insurance of Agriculture ——Based on the Panel Data of Corn in Liaoning Province

NIE Rong, SONG Yan   

  1. (School of Economics, Liaoning University, Shenyang 110036, China)
  • Received:2017-11-20 Revised:2017-11-20 Online:2018-05-25 Published:2018-05-28
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Abstract: Based on the panel data of 14 cities in Liaoning Province, corn was selected as the object to research and design weather-index insurance. The corn drought index was established according to the single meteorological factor of precipitation. Then, the loss expectancy method was applied to determine the premium rate, trigger value of corn drought index insurance and the corresponding compensation value. Based on the multiple meteorological factors of annual mean temperature, annual amount of precipitation and annual sunshine duration, the panel data model was constructed to simulate the weather-index value. And on this basis, the weather-index insurance of corn was designed with the payment standard of benchmark yield. It was suggested that a step-by-step principle should be followed in researching and designing the weather-index insurance, and compulsory insurance should be implemented moderately, weather-index insurance amount should be increased and farmers' participation rate should be improved in publicizing the weather index.

Key words: weather-index insurance, insurance rate, basis risk

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