Core Viewpoint - The article highlights the implementation of a "vegetable target income insurance" program in Linyi County, Shandong Province, which aims to protect farmers from market price fluctuations and natural disasters, ensuring stable income and promoting healthy development of the vegetable industry [1][2]. Group 1: Insurance Program Overview - The "vegetable target income insurance" is an upgraded version of the previous target price insurance, designed to provide compensation for both price drops and yield reductions due to natural disasters [2][3]. - The insurance program is a collaboration between the local government and China Life Property & Casualty Insurance, utilizing financial support from the government and commercial operations from insurance companies [1][2]. Group 2: Financial Structure and Coverage - The insurance premium is structured such that 60% is covered by provincial, municipal, and county finances, while farmers are responsible for 40% [2][3]. - For example, for garlic shoots, the premium is 84 yuan per mu, with farmers paying 33.6 yuan, and the target income set at 3,600 yuan per mu [3]. Group 3: Impact and Future Plans - The program has already insured 283,600 mu of garlic shoots and garlic, providing risk coverage of 567 million yuan to over 30,000 farmers [3]. - Future plans include expanding coverage to greenhouse peppers and cucumbers, with an expected total insured area of 760,000 mu, potentially mitigating production risks of 1.15 billion yuan [3].

Core Viewpoint - The article highlights the collaboration between the government of Linyi County, Shandong Province, and various insurance companies to establish a multi-layered agricultural insurance system, particularly focusing on vegetable industry insurance to support farmers and promote rural revitalization [1][4]. Group 1: Agricultural Insurance Development - The central government has emphasized the need to improve the agricultural insurance system, particularly for specialty agricultural products, as outlined in the 2025 Central No. 1 Document [1]. - Linyi County has developed a "vegetable target income insurance" model, which enhances farmers' income security against market price fluctuations and natural disasters [4][10]. - The insurance model has been in place for ten years, covering various vegetables such as garlic, chili, cucumber, and potato, ensuring farmers receive compensation when market prices fall below target levels [4][10]. Group 2: Financial Mechanism and Support - The vegetable target income insurance is funded with 60% of the premium covered by provincial, municipal, and county-level finances, while farmers only pay 40% [10]. - The insurance compensates farmers for income losses due to price drops or reduced yields, with a specific example showing a target income of 3,600 yuan per mu (approximately 0.067 hectares) [10]. - The total area insured for garlic and garlic sprouts has reached 283,600 mu, providing risk coverage of 567 million yuan for over 30,000 farmers [12][13]. Group 3: Impact on Farmers - Farmers express increased confidence in their vegetable production due to the dual insurance mechanism that protects both yield and price [5][12]. - The insurance scheme has led to a significant increase in participation, with expectations to cover around 760,000 mu of vegetable income insurance, mitigating production risks of approximately 1.15 billion yuan [13]. - The collaboration between government and insurance companies has effectively utilized financial resources to stabilize the agricultural sector and enhance farmers' income security [13].