Jing Ji Guan Cha Bao·2025-11-30 09:36Core Viewpoint - The "Bank + Insurance + Futures" model is emerging as a new breakthrough for banks to increase credit support for agriculture, addressing the challenges faced by farmers in terms of crop yield, market prices, and sales [3][7]. Group 1: Project Overview - The "Yinqi Bao" crop insurance project was launched by the Dalian Commodity Exchange in 2023 to meet the diverse needs of large-scale grain producers, providing both agricultural income insurance and enhanced credit support from banks [2][4]. - As of now, 22 such projects have been established, providing a total of 91 million yuan in loans to 55 cooperatives [2]. Group 2: Challenges and Solutions - The promotion of the "Bank + Insurance + Futures" model faces three main challenges: the need for increased government subsidies for insurance premiums, the integration of various agricultural data to improve loan efficiency, and the provision of personalized financial services for different farmers [3][12]. - Financial institutions are working with experts to encourage policymakers to include this model in official documents as a key strategy for supporting agriculture [3]. Group 3: Financial Mechanism - The "Insurance + Futures" model allows agricultural operators to purchase price or income insurance, which is then hedged in the futures market to mitigate price volatility risks [4][5]. - This model has proven effective in various regions, such as in Guangxi, where pig farmers received over 18 million yuan in insurance payouts due to price fluctuations [5]. Group 4: Impact on Farmers - Farmers participating in the "Yinqi Bao" project can significantly increase their loan limits, with one farmer reporting an increase from 500,000 yuan to over 1 million yuan, allowing for expansion of planting areas and potential income increases of at least 100,000 yuan [6][7]. - The project also includes mechanisms for guaranteed sales through contracts with leading enterprises and a secondary pricing option that allows farmers to benefit from price increases in the futures market [6][7]. Group 5: Data Integration and Customization - Banks are facing challenges in creating a closed-loop system for loans and repayments, as well as in providing customized credit solutions based on the diverse financial situations of farmers [10][12]. - Efforts are being made to integrate various agricultural data to enhance credit assessment and provide higher loan limits, with some banks offering up to 3 million yuan in credit support [12][13]. Group 6: Premium Subsidies - The cost of agricultural income insurance can be significant, with premiums accounting for 5%-6% of the insured amount, leading to financial strain on farmers [14]. - Government and financial institutions are working to increase premium subsidies to alleviate the financial burden on farmers and encourage participation in the "Bank + Insurance + Futures" model [15][17].