Group 1 - The project aims to enhance the efficiency of pig farming in Guangxi, a major livestock province, with a focus on increasing pig production and addressing market risks through an "insurance + futures" model [1][4] - In 2024, Guangxi is projected to have a pig output of 36.51 million heads, a 3.8% increase from the previous year, and an ending stock of 24.34 million heads, up 7.3% year-on-year [1] - The project is supported by local government policies and aims to improve the income of farmers while promoting rural revitalization [1][4] Group 2 - The project involves pig farmers from Bai Sha, Da Wan, and She Po towns, with a total of approximately 50,000 pigs in stock [2] - Farmers purchase pig insurance products to mitigate price risks, while insurance companies buy put options from Nanhua Capital to transfer market risks, ensuring farmers' interests [3] - The project has a total premium of approximately 1.5 million yuan, with a unit premium of 29.8 yuan per head, providing price risk protection for eight local farmers [3] Group 3 - The "insurance + futures" model integrates financial tools with agriculture, enhancing the industry's risk resistance and serving as a significant financial initiative for rural revitalization [4] - The project includes subsidies from the Dalian Commodity Exchange (35%), local government (25%), and Nanhua's contribution (15%) to reduce farmers' insurance costs [4] - This model shifts agricultural insurance from post-disaster compensation to pre-risk management, creating a sustainable risk management system for local agriculture [4]