Farmers who grow maize are most afraid of natural disaster and fall in prices, and may dry for a year. Circular issued in 2025 by the ministry of finance in conjunction with the ministry of agriculture and rural development and the general directorate of financial supervision, on three main food cropsFull cost insuranceAndIncome insurance for cultivationThe risk of planting food is fully covered by the nationwide roll-out, which brings the standard of payment directly to 80 per cent of production。
Six years of piloting to the national level
The period 2018 to 2020 was a pilot period, with full cost insurance and income insurance for growing only in some food-producing counties, with limited access to farmers. Since 2021, it has been gradually extended to all food-producing counties throughout the country. Central document no. 1 of 2024 clearly states "to achieve national coverage of the three main staples", and the circular of 2025 puts the last step forward, with the area of implementation directly defined as all the country's food types, without any county threshold。
As of 2025, my countryAgricultural insuranceWith a depth of over 1. 5 per cent and a density of over $700 per person, the milestones set in the high-quality development guidance have been achieved. In recent years, the ministry of finance has implemented high-security insurance coverage for three main food staples, soybeans, sugar cane and natural rubber, and the insurance and compensation system has matured over a period of six years。
Small and large farmers can protect themselves
The notice clearly covers all farmers and agricultural production organizations, such as farmers on a modest scale and small farmers, with no small threshold. Village groups can organize small-scale farmers ' group insurance, split into households, and one acre and ten acre of maize can be covered. Policies focus on smallholder-based and new agricultural business owners, with a large-scale, household-led role to increase smallholder organization。
Insurance is based on the principle of voluntary autonomy and does not involve "one size fits all" contributions. Depending on the size of the plot, the cost of the input and the affordability of the risk, the farmer may choose to pay only full cost, income or both. Insurance options for farmers and small farmers on a modest scale are in their hands and are not compulsory for anyone。
It's worth 80%
Full-cost insurance coverage covers the costs of materialization, land and labour, i. E., the entire cost of planting corn for a season from the purchase of seed fertilizer and the rental of land to the harvest by the employee. Previously, some of the risk species had only been compensated for direct materialization costs, and the level of security now stood at up to 80 per cent of the product value of the respective species, which meant that for maize there was a major problem with an acreage, covering 80 per cent of output value。
Income insurance for planting is a risk for the amount of insurance that reflects both the price and the production of agricultural products, both against natural disasters and against the fall in market prices. The level of protection is also up to 80 per cent of the product. Farmers who grow maize are able to cover most of their losses without losing the blood of a season's harvest if they suffer double-killing, full-cost insurance and income insurance。
Peasants make up their heads, finance their heads
On the basis of a contribution of not less than 10 per cent from the central unit concerned, the central financial authority pays a subsidy to the central unit concerned as a percentage of the subsidy in its place of cultivation. For ordinary farmers, the actual contribution rate for individuals is low and the majority of contributions are shared between central and local finance. This means that the real cost of insurance for food farmers is further reduced and the willingness to take insurance will naturally increase。
In particular, the circular requires local financial authorities to further regulate the management of premium subsidy funds, to optimize the manner in which funds are allocated and to pay premium subsidies to insurance institutions in a timely manner, in accordance with the progress of insurance coverage in agriculture and the signing of the certificates, without default. Previously, the problem of the slow disbursement of money in parts of the country, farmers, etc., had been a problem, and this time at the institutional level, the flow of funds had to keep pace with insurance guarantees。
Insuranceed, paid, costed. Fuck
The superintendence of insurance is responsible for overseeing the strengthening of insurance coverage and compensation management by insurance institutions, which cover farmers and small-scale farmers on a modest scale, as well as the payment of losses and losses. Insurance companies are also urged to design provisions in a language that is easy to understand in order to raise the financial quality and insurance awareness of farmers so that they can understand the terms, obtain insurance and receive compensation, and truly raise awareness of policy。
Insured institutions are required to regulate expenditure and continuously strengthen cost control while guaranteeing the quality of professional services, ensuring that the combined cost of agricultural insurance is not higher than 20 per cent. The saved cost space actually translates into the ability to pay, the water in the middle is compressed, and farmers end up receiving a higher percentage of their compensation, without "a lot of premiums paid and little at risk."。
The insurance policy will make loans in the future
The ministry of finance, in collaboration with the rural agricultural sector, insurance regulation and forestry and grass, will develop comprehensive guidelines for the development of high-quality agricultural insurance, with priority planning along the lines of "central development, local development characteristics" to ensure that the main agricultural products of the three major countries concerned, such as the three main staples, are produced. At the same time, there is greater synergy between the various sectors and the insurance sector, leading the underwriters to improve their capacity to provide services at the grass-roots level, and to promote the effective use of insurance to support farmers。
Encourage the steady exploration of the credit enhancement function of agricultural insurance policies where there are conditions to do so, gradually increasing the degree of integration with other financial instruments, such as credit, guarantees, futures, and achieving policy synergies. To promote better information-sharing of data on agricultural insurance, to provide high-quality and efficient services to the financial, rural, insurance regulatory and insurance sectors and insurance institutions, so that the policy becomes not only a "cost of risk" but also a business tool。
Is your corn insured this year? If it's 80%, do you think it's enough to cover the full cost of the season? The comment section will talk about your situation, and it will be useful to send it to your friends in the field。
