China: Red bean policy sales will end with a coverage rate of 5% Pingtung Agricultural Office

Pingtung County, the main producing area of red bean, launched the red bean insurance policy for the first time this year. The sales will end on the 15th. According to the return data of various farmers' associations, as of October 11, the number of insured cases was 337, and the insured area was 227 hectares. The insurance rate was 5%. The county agricultural department said that the deadline for insurance application is the 15th, so the insured area of the red bean insurance policy should increase further. The first year sales have achieved an insurance rate of 5%, which is already a good performance. The biggest key for farmers to wait and see is still the premium. The subsidy must be paid in full first, and the subsidy will be returned to the farmer after underwriting. Pingtung is the most important production area for red beans in the country in winter, and the output accounts for three-quarters of the country. Red bean crop insurance is based on rainfall, because red beans ...