Fujian, China's first marine aquaculture product price index insurance holds the fishermen's pocket

Published 2021년 3월 13일

Tridge summary

A farmer in Ningde, Macao and Hong Kong, Ye Zhijian, received 3.01 million yuan in insurance claims after the price of large yellow croaker fell by 20% due to the new crown pneumonia epidemic. The Fujian Fisheries Mutual Insurance Association launched the first marine aquaculture product price index insurance for large yellow croaker in July 2020, providing price stability and helping farmers reduce losses. The insurance covered an area of 138,800 square meters and provided a risk protection amount of 187 million yuan to farmers. A total of 31 farmers received insurance compensation totaling 34.07 million yuan in March, demonstrating the effectiveness of the insurance in boosting farmers’ confidence and maintaining social stability in the fishing area.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Xinhua News Agency, Fuzhou, March 13 (Reporter Lin Chao) "With insurance, we are more determined and motivated." After receiving 3.01 million yuan in insurance claims recently, Ye Zhijian, a large yellow croaker farmer in Ningde Sandu, Macao and Hong Kong I am pleased to say. Affected by the new crown pneumonia epidemic, the price of large yellow croaker in Ningde fell by 20% at the beginning of 2020. Ye Zhijian has raised nearly 3,000 tons of large yellow croaker, and he will suffer a huge loss when he looks at it. In order to let farmers eat "rest assured" , Fujian Fisheries Mutual Insurance Association launched Fujian’s first marine aquaculture product price index insurance-large yellow croaker price index insurance in July 2020, striving to achieve the two major goals of "guaranteeing price stability" and "helping farmers to reduce losses." Fujian Province Huang Jinshui, secretary general of the Fisheries Mutual Insurance Association, introduced that during the insurance ...
Source: Sohu

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