SZAP(000061) 证券时报网·2025-02-24 00:58Core Viewpoint - The recent policy document aims to enhance agricultural insurance in China, addressing challenges such as premium subsidies and the lack of insurance for specialty agricultural products, thereby improving the overall agricultural security level in the country [1][2]. Group 1: Agricultural Insurance Policy Changes - The policy document proposes to lower the county-level premium subsidy ratio for agricultural insurance in major grain-producing counties, alleviating financial pressure on local governments [2]. - The current agricultural insurance premium subsidy model involves a "central + local" sharing approach, which has led to increased fiscal burdens on local governments in grain-producing areas [2]. - The document emphasizes the need for a multi-tiered agricultural insurance system to support grain production and enhance insurance coverage [4][6]. Group 2: Expansion of Insurance Coverage - The policy encourages the expansion of complete cost insurance and income insurance for major crops like rice, wheat, corn, and soybeans, with coverage rates for these crops already exceeding 90% in some provinces [3]. - The complete cost insurance and income insurance are designed to provide higher coverage amounts compared to traditional agricultural insurance, which is expected to boost overall security for staple crops [3]. - The document highlights the need to expand insurance for soybeans, a key economic and food crop in China, to stimulate planting enthusiasm and increase production [3]. Group 3: Development of Specialty Agricultural Products Insurance - The policy supports the development of insurance for specialty agricultural products, focusing on regional characteristics and market competitiveness [7]. - The Ministry of Finance has allocated 6.8 billion yuan to support insurance for over 500 types of specialty products, including Tibetan chickens and Ningxia goji berries, indicating a significant investment in this area [7]. - The document suggests that specialty agricultural product insurance should align with the unique needs of local industries, enhancing the protection of local advantageous products [7].