Rizhao, Shandong – In a significant boost to farmer protections, Rizhao City unveiled its 2025 agricultural insurance policy on May 28, introducing six subsidized insurance products that slash farmers’ premium burden to just 20% while dramatically expanding coverage and payouts.
Key Features of the New Policy
Comprehensive Coverage Expansion
Four full-cost insurance plans for wheat (¥1,000/mu), corn (¥950/mu), rice (¥1,150/mu), and soybeans (¥700/mu).
Two income insurance plans for corn (¥1,000/mu) and soybeans (¥830/mu), protecting against both yield losses and price fluctuations.
Premium rates range 3–5.5%, with farmers paying only 20% of costs (e.g., ¥6/mu for wheat).
Tiered Government Subsidies
Central govt: 35%
Provincial govt: 30% (direct-administered counties) or 15% (districts)
City/county: Split remaining 15% equally
Policy Breakthroughs
From 2 Counties to Citywide: Previously limited to Ju and Wulian counties, full-cost insurance now covers Donggang, Lanshan districts and three development zones.
Disaster & Market Risks Covered:
Full-cost insurance includes natural disasters, pests, accidents, and wildlife damage.
Income insurance addresses dual threats of low yields and price drops.
Higher Payouts: Compared to old policies, farmers paying ~¥10 more per mu could receive hundreds extra in claims during disasters.
Farmer Impact
“Drought-to-Flood” Income Stability: A corn farmer paying ¥11/mu (20% of ¥55 premium) gains ¥1,000/mu coverage—double prior protections.
Risk Pooling: 80% subsidy reduces enrollment barriers for smallholders.
Official Statement: “This policy transforms agricultural insurance from disaster relief to income stabilization,” said a Rizhao Agriculture Bureau representative.
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