Taiwan: Factors such as high loss rates will affect the future of agricultural insurance; challenges and improvements of custard apple income insurance

The eastern part of Taiwan is bordered by the Pacific Ocean and has subtropical and tropical climate conditions. It is prone to monsoons, heavy rains, typhoons and other climatic effects due to seasonal changes. In addition, the mountainous terrain causes foehn winds, which causes losses in agricultural operations and unstable incomes for farmers. It is necessary to How to use agricultural insurance policy tools to make up for farmers' losses due to natural disasters, pests and diseases, production and marketing imbalances, etc. This article will use the income insurance of custard apples, the main cash crop in Taitung County, as the theme to explore the challenges and improvements faced by custard apple income insurance. 105 years of the Republic of China On July 2, Typhoon Nibert caused severe damage to agriculture in Taitung County. The amount of damage was as high as NT$1.28 billion, accounting for 41.56% of the total damage in Taiwan of NT$3.08 billion. Among them, the main ...