China unveils plan to boost farm insurance

China released a new implementation plan to strengthen agricultural insurance development. The initiative aims to stabilize farmers incomes and bolster national food security by expanding coverage for staple grains and livestock.

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Farmers place trays of rice seedlings in a rice field as wind and rain intensify ahead of the arrival of Typhoon Bavi in Wenzhou, Zhejiang province, China July 11, 2026. REUTERS/Go Nakamura

China unveiled a sweeping agricultural insurance implementation plan on Friday morning to stabilise farmer incomes and fortify domestic food security. The Ministry of Finance released the directive to expand full-cost and planting-income coverage across staple agricultural commodities.

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