INSURANCE OF AGRICULTURAL RISKS IS AS FACTOR OF ATTRACTION OF INVESTMENTS INTO THE AGRARIAN SECTOR OF ECONOMY

DOI 10.32651/194-2

Issue № 4, 2019, article № 1, pages 2-13

Section: Problems of efficient management

Language: Russian

Original language title: СТРАХОВАНИЕ СЕЛЬСКОХОЗЯЙСТВЕННЫХ РИСКОВ КАК ФАКТОР ПРИВЛЕЧЕНИЯ ИНВЕСТИЦИЙ В АГРАРНЫЙ СЕКТОР ЭКОНОМИКИ

Keywords: AGRICULTURE, AGRARIAN PRODUCTION, AGRICULTURAL RISK INSURANCE, AGRO-INSURANCE MARKET, STATE SUPPORT SYSTEMS, INVESTMENTS, STIMULATION OF INVESTMENT ACTIVITY

Abstract: The relevance of the topic is obvious, since the insurance of agricultural risks is an essential tool for financial protection and stable development of the agro-industrial complex. Agrarian production in Russia annually faces multibillion-dollar losses. The damage caused by natural cataclysms does not just stop development, but puts agricultural producers on the brink of survival. And this applies not only to small and medium-sized farms, but also to large agro holdings with broader financial and technological capabilities. The development of the agricultural sector of the economy is impossible without the introduction of new, sometimes expensive technologies, varieties and hybrids of plants, modern agricultural technology. However, funds that can be spent on development are burned along with the harvest that has died from natural disasters. One of the possible tools for reducing such losses of agricultural production is insurance. The article argues the need to use agricultural insurance as a tool to attract investment in the agricultural sector. Since 2012, Russia has an agricultural risk insurance system with state support, with subsidies and funds from the federal and regional or regional budgets provided. Thus, the system of agricultural insurance with state support in Russia has been operating for the seventh year. The adoption of Law No. 260-FZ was preceded by the drought of 2010, as a result of which more than forty regions of the country suffered, and the damage exceeded the value of 48 billion roubles. Since 2017, the procedure for planning indicators for agricultural insurance subsidies has changed in connection with the transition to a “single subsidy”. Not only the current problems of agricultural insurance related to changes in the procedure for subsidizing in 2017 were characterized, but also conceptual issues of improving legislation in the field of state insurance of agricultural insurance. Conclusions about the inconsistency of the Russian agricultural insurance system and the need to improve it are formulated; methods for improving the conditions of the agricultural insurance market and encouraging investment in agriculture are proposed.

Authors: Klishina IUliia Evgenevna, Uglitskikh Olga Nikolaevna