International News: Agricultural insurance shelters farmers in grain belts
China’s fledgling agricultural insurance sector has buffered farmers against greater losses after hail, pest outbreaks and a massive typhoon hit China’s breadbasket, the northeastern provinces of Heilongjiang and Jilin, a local official said.
“Agricultural insurance has proven instrumental in transferring risks and stabilizing farmers’ income,” said Liu Feng, director of the Heilongjiang Provincial Insurance Regulatory Bureau. Read more