The pig “insurance + futures” project in Hanting District, Weifang, Shandong Province, jointly carried out by Wuchan Zhongda Group Co.Ltd(600704) futures and other futures companies and China United Property Insurance, was successfully completed in mid December 2021. A total of 1303 tons of pigs were insured for the project, with a total premium of 1.11 million yuan and a total guarantee of 23.03 million yuan. The farmers finally won a compensation of 1.63 million yuan, with a compensation rate of 146%. The project guides farmers to disperse market price risks through financial means such as insurance and futures, effectively helps pig farmers avoid the risk of pig price fluctuation, greatly enhances the anti risk ability of farmers, injects financial power into the endogenous development of local pig breeding industry and helps the revitalization of local villages.
Wuchan Zhongda Group Co.Ltd(600704) futures always adhere to the responsibility, give full play to professional advantages, and actively participate in the grand strategy of national poverty alleviation and Rural Revitalization. In the future, Wuchan Zhongda Group Co.Ltd(600704) futures will continue to make efforts, combine local agricultural characteristics and actual needs, rely on its own futures professional advantages, do not forget its original intention, continue to promote the innovation of “insurance + futures” model, better provide effective price management risk services for enterprises and farmers, support the sustainable and healthy development of “agriculture, rural areas and farmers” and help the National Rural Revitalization Strategy.
(futures daily)
