to protect against a variety of risks. The key issue here is to identify specific insurance
objects: crops (seeding) as per list of agricultural crops, livestock species, etc.
To implement this regulation, it is necessary, first of all, to include expenditures
for the financing of insurance subsidies in the state budget; to expand the list of general
insurance products for insurance of crops (taking into account peculiarities of climatic
zones and sizes of agricultural enterprises); to develop general insurance products for
the insurance of livestock with the effect on them of partial compensation of the cost
of insurance premiums; develop minimum insurance rates to avoid formal insurance.
CONCLUSION
1. The agricultural risk insurance is one of the main tools for reducing the risk in
agricultural production, providing adequate insurance cover and reducing the amount
of damages in the event of catastrophic risks. Using SWOT analysis it was determined
that insurance of agricultural producers creates opportunities for implementation of all
components of sustainable development of the agricultural sector – economic, social
and environmental.
2. Insufficient state participation in the development of legal framework and
regulation of insurance relations in the agricultural sector, low efficiency of using
budget funds to cover catastrophic risks; high level of insurance risk for agrarians, low
financial solvency of insurers, unacceptable insurance conditions – all of this do not
stimulate agricultural producers to insure agricultural risks.
3. The international experience of agricultural insurance confirms the
effectiveness of public-private partnerships in agricultural risk insurance.
Among the main features of the private-public partnership as a legal model of
cooperation between agribusiness and the state in the field of insurance and
organizational-institutional mechanism for its implementation, we distinguish: the
formalization and the equitable relationship; the presence of common goals and
directions; co-investing resources; distribution of risks and expenses between the
participants (insurers, insurants and the state).
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