Core Viewpoint - The "insurance + futures" project for apple farmers in Yan'an, Shaanxi Province, aims to provide stable income and risk protection against natural disasters and market fluctuations, significantly benefiting local farmers [1][3][4]. Group 1: Project Overview - The "insurance + futures" project allows apple farmers to pay around 100 yuan per mu for insurance, providing them with risk coverage for apple prices [1][5]. - The project was initiated in response to severe weather events, such as the 2016 hailstorm that devastated local apple crops, leading to significant financial losses for farmers [2][8]. - The project involves collaboration among futures companies, insurance companies, farmers, and apple enterprises, creating a comprehensive risk management system [3][4]. Group 2: Financial Structure - Farmers only bear about 20% of the costs, with the remaining 80% funded by various organizations, including local governments and futures exchanges [5][9]. - Longjiang Futures invests approximately 1 million yuan annually in the apple assistance project, demonstrating a strong commitment to supporting local agriculture [4][5]. Group 3: Benefits to Farmers - Farmers now have access to real-time market prices through a mobile app, empowering them to negotiate better prices with buyers [3][7]. - The project has led to increased financial stability for farmers, as they can receive compensation if their income falls below the agreed target due to price drops or poor harvests [4][6]. Group 4: Benefits to Apple Enterprises - Apple enterprises also benefit from the project by securing price guarantees through options contracts, allowing them to manage costs effectively [6][7]. - The collaboration between apple enterprises and farmers has deepened, with enterprises providing additional support such as low-cost agricultural inputs and unified purchasing agreements [7][8]. Group 5: Historical Context and Future Prospects - The "insurance + futures" model was first proposed in 2016 and has since expanded, with significant financial contributions from various stakeholders to support the project [8][9]. - The project aligns with national agricultural policies aimed at enhancing farmers' income and improving rural vitality, indicating a sustainable future for such initiatives [10].