Cooperation with PICC insurance will become a huge possibility for KIWA (and of course PICC as well)
This is how PICC system works (this is from their website): “policies must be purchased prior to planting and cover loss of crop yields from all types of natural causes including drought, excessive moisture, freeze and disease. Newer coverage options combine yield protection and price protection to guard farmers against potential loss in revenue, whether due to low yields or changes in market price”
So there is a huge advantage for a huge number of farmers to buy fertilizers from KIWA now, as they can combine the huge advantages of the bio fertilizers with the benefits of this insurance. The farmers can always be sure of their income now, whereas KIWA can always be sure to receive their money from the farmers. (or from the insurance) Also in times of a severe season for the farmers. This will bring a very positive effect to Cashflow situation of KIWA. And as PICC is a giant in agricultural insurances in China, this will bring also a gigantic number of new customers to KIWA!
Great strategic move from KIWA! Additionally, PICC is governmental insurance, so this also deepens the relation with Government and KIWA. And the Government will make huge companies out of these, which are concentrating on the improvement of environmental aspects!
AI
