Peanut is the main oil crop and cash crop in Liaoning Province. In 2020, the peanut planting area in Liaoning Province was 3.06 million hectares, and the output reached 987,400 tons, making it the largest oil crop in Liaoning Province. The traditional peanut planting is basically "depending on the weather". The income depends on the weather, and the price depends on the market. Peanut planting income fluctuates greatly. In order to help the healthy development of peanut planting industry in Liaoning Province and mobilize the enthusiasm of peanut growers, after many consultations and demonstrations by the project participants, it was decided to adopt the innovative insurance of peanut "income insurance" as the "bottom" for peanut growers, which not only guaranteed the price but also guaranteed the output, so that the insured could concentrate more on agricultural production. This time, the peanut "insurance+futures" income insurance pilot boldly innovated the insurance settlement method, and determined the insurance settlement price according to the weight of futures price and spot price accounting for 60% and 40% respectively. This innovative method introduces local spot price on the basis of fair futures price, which is closer to the actual situation of peanut spot price in Liaoning Province, and makes "insurance+futures" more personalized to serve the regional economy.
As a pilot project of "insurance+futures" jointly carried out by local provincial governments and futures exchanges, all participants have their own duties, which not only gives play to the efficiency advantages of local governments in project planning and resource coordination, but also helps futures exchanges and futures companies to give play to their professional advantages. It is a useful exploration to improve and optimize the "insurance+futures" model and help revitalize local villages. Zhang xingxin