First commercial insurance on wheat meteorological index
- Details
- Category: Ningbo District
- Published: Wednesday, 31 January 2024 12:54
index launched in Ningbo
The growth of crops is often affected by the natural environment. On January 2, the first commercial insurance on meteorological index of wheat was launched in Yuyao County by the Ningbo branch of PICC Property and Casualty Insurance, aiming to fight against the effects of severe elements on wheat growth. This insurance can effectively protect farmers from the risks they face during continuous low temperature and rainy days, thus reducing possible losses.
Song Zheng, a major grain grower in Huangjianshan Village of Lizhou Sub-district, Yuyao County, has contracted over 700 mu of land locally to plant such crops as wheat and oilseeds. Last year, the wheat he planted had a bountiful harvest. “The cold winter season is a critical