The Impact of Bancassurance Interaction on the Adoption Behavior of Green Production Technology in Family Farms: Evidence from China

Abstract

In the context of increasingly severe resource and environmental constraints, accelerating family farms to take the path of green agricultural development is an urgent practical problem to be solved. The bancassurance interaction, an innovative form of financial support policy for agriculture, can effectively alleviate the risks and credit rationing problems faced by family farms in the operation process, provide new opportunities for green production of family farms, and is of great significance to promoting sustainable agricultural development. This study uses data from 564 planting family farms in Shaanxi Province to analyze the impact of the bancassurance interaction on adopting green production technology in family farms and its mechanism, paying particular attention to the heterogeneous effects of the family life cycle and family economic level. The results of this study show that the bancassurance interaction has a significant positive impact on the adoption of green production technology by family farms. Compared with agricultural credit and insurance, the effect of the bancassurance interaction on adopting green production technologies is more evident. The analysis of the impact mechanism shows that the bancassurance interaction can promote the adoption of green production technology in family farms through three channels: increasing investment in agricultural production, expanding the scale of land management, and strengthening exchanges of green technology. Among them, the effect of increasing agrarian production investment is the most pronounced. The heterogeneity analysis shows that the impact of the bancassurance interaction on the green production technology of family farms varies significantly according to the family life cycle and economic level. Family farms at the dependency stage and low-income level were more willing to adopt green production technologies driven by the bancassurance interaction. Therefore, it is necessary to continuously innovate the interaction mode between banks and insurance companies, rationally allocating agricultural production factors and combining the actual situation of each family farm to strengthen the leading role of the bancassurance interaction in adopting green production technologies and promoting high-quality agricultural development.

The influence of agricultural insurance on agricultural carbon emissions: evidence from China’s crop and livestock sectors

“…Such as new technologies may have challenges with operation, technical failures, or problems that limit their ability to meet the demands of agricultural output (Hong et al, 2024). In these situations, agricultural insurance may help mitigate the impact of new technological uncertainties on agricultural output, as well as support the potential reduction in revenue due to the use of environmentally friendly technology (Wang et al, 2023). Agricultural insurance can contribute to the reduction of carbon emissions in agriculture through two mechanisms:…”

Analisis Yuridis Manajemen Risiko dalam Pelaksanaan Bancassurance di Indonesia Berdasarkan Surat Edaran Otoritas Jasa Keuangan Nomor 33/SEOJK.03/2016 tentang Penerapan Manajemen Risiko pada Bancassurance

“…Dan dalam risiko reputasi timbul karena kualitas produk dan layanan yang buruk. Maka manajemen risiko dirancang sedini mungkin bisa memberikan kepastian dalam perencanaan guna menghindari fluktuasi yang mungkin terjadi (Wang, 2023). Dalam hal ini risiko bancassurance tidak terjadi secara langsung dan seketika itu, melainkan bertahap dan apabila tidak ditangani dengan serius akan mengakibatkan adanya kerugian dalam bank, hilangnya kepercayaan dari nasabah serta penurunan jumlah nasabah bisa juga adanya gugatan terhadap bank di pengadilan adalah risiko yang memungkinkan akan terjadi (Hamdi, 2023).…”

Impact Effects of Cooperative Participation on the Adoption Behavior of Green Production Technologies by Cotton Farmers and the Driving Mechanisms

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