April 27, 2017: China is planning to launch a new type of agriculture insurance to compensate crop yield losses resulting from natural disasters in about 200 counties. According to The State Council , the counties will be chosen from China’s 13 major grain production provinces including Hebei, Heilongjiang, Anhui and Henan. The insurance will be offered to family farms, large scale growers and farmers’ cooperatives, covering the costs of agricultural materials, fertilizers, and land use fees for planting rice, wheat and corn.