One Hundred And Two Regiments: Cotton "Price Insurance + Futures" Makes Workers More Secure.
Recently, 667 cotton growers from nine companies of the two regiment Wu Tong Qu of the sixth division of the fifth regiment of Xinjiang regiment received the 2019 "cotton price insurance + futures" compensation. Up to this point, the about 26000000 yuan compensation awarded by the insurance company of the China Insurance Company, which was insured by one hundred and two branches, was fully paid.
It is understood that cotton "price insurance + futures" is a mode of economic compensation for the cotton growers due to the sharp fluctuations in market prices and the average price of cotton market below the insurance target price.
As an experimental group of "price insurance + futures" of cotton corps, the "two committees" of one hundred and two regiments of each group lead workers to resist market fluctuations by purchasing cotton price insurance and improve the ability of crop owners to resist risks.
At the Li Zhongyi house of nine workers, the staff explained to him the policy of compensation for payment of "price insurance + futures", and confirmed the situation of payment in place. "I paid 2900 yuan insurance last year, and I'm paying 34 thousand yuan this year." Li Zhongyi said.
Wu Dingqing, a staff member of Jiu Lian, also felt the benefits of cotton "price insurance + futures". He said that in 2019, he planted 200 mu of cotton, 0.061 yuan per kilogram of seed cotton insurance, the insurance company in accordance with the price of 0.72 yuan to compensate.
It is reported that cotton "price insurance + futures" project to improve the cotton target price subsidy policy, so that the actual income of workers is protected, to help them reasonably avoid the risks brought by market fluctuations, fully mobilize the enthusiasm of cotton production, and ultimately achieve the purpose of stabilizing cotton production.
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