International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

The Study on the Welfare Effect of the Agricultural Insurance on the Farmers
Lv Liu, Zhang Yanli, Huang Qingjie

Agricultural production depends on natural conditions and is vulnerable to the influence of nature. Every year, due to the influence of natural disasters, many agricultural producers fall into poverty. Agricultural insurance is the most effective tool to manage agricultural risk. Agricultural insurance can provide farmers with post-disaster compensation, guarantee farmers' family consumption and recovery production, and bring welfare effects to farmers. In recent years, for the development of agriculture, banks have been implemented to provide loan services to farmers. Under the dual role of insurance and loan, the welfare effect of farmers has been greatly increased.

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