Core Viewpoint - The Ministry of Finance has announced an early allocation of 45.6 billion yuan for agricultural insurance premium subsidies in the 2026 budget to support the development of agricultural insurance and ensure national food security [1] Group 1 - The early allocation of the agricultural insurance premium subsidy aims to enhance the support for agricultural insurance development [1] - The budget allocation is specifically targeted at ensuring the security of the national grain supply [1]

Core Viewpoint - The Ministry of Finance has issued a notice to support the development of agricultural insurance and enhance the protection of national food security by advancing the central government's agricultural insurance premium subsidy budget for 2026 to 45.6 billion yuan [1] Group 1 - The central government is prioritizing agricultural insurance as a means to ensure food security [1] - The budget allocation for agricultural insurance premium subsidies has been set at 45.6 billion yuan for 2026 [1]

Core Viewpoint - Agricultural insurance plays a crucial role in disaster prevention and loss reduction during natural disasters such as high temperatures and floods in China [1] Group 1: Agricultural Insurance Types - The basic form of agricultural insurance in China is cost insurance, which compensates farmers based on their initial investments in seeds, fertilizers, and labor when disasters occur [1] - Income insurance serves as a "revenue stabilizer," providing compensation to ensure farmers' basic income in the event of reduced yields due to disasters [1] Group 2: Coverage and Subsidies - Currently, complete cost insurance and income insurance for the three major grain crops—rice, wheat, and corn—are fully covered nationwide, with the central government subsidizing up to 45% of the insurance premiums [3] - Local governments also provide at least 25% subsidies, resulting in minimal out-of-pocket costs for farmers, often just a few yuan per mu [3] Group 3: Additional Insurance Products - The central government provides premium subsidies for 16 major agricultural products across three categories: planting, breeding, and forestry, including support for local specialty products through reward-based subsidies [6] - Various insurance products are available, including cost price insurance for potatoes, income insurance for pigs, and weather index insurance for fruits and vegetables [8] Group 4: Catastrophe Insurance - Comprehensive catastrophe insurance is being promoted in areas prone to earthquakes, geological disasters, and floods, with implementation already in provinces like Hubei, Hebei, and Shaanxi [10] Group 5: Economic Impact - Agricultural insurance acts as an economic "shock absorber," providing not only financial compensation after disasters but also the confidence to continue farming in subsequent years [13]