CROP INSURANCE WITH STATE SUPPORT IN RUSSIA AND THE USA: GENERAL AND SPECIAL

DOI 10.32651/207-97

Issue № 7, 2020, article № 17, pages 97-102

Section: Foreign news

Language: Russian

Original language title: СТРАХОВАНИЕ СЕЛЬСКОХОЗЯЙСТВЕННЫХ КУЛЬТУР С ГОСУДАРСТВЕННОЙ ПОДДЕРЖКОЙ В РОССИИ И США: ОБЩЕЕ И ОСОБЕННОЕ

Keywords: AGRICULTURAL INSURANCE, CROP INSURANCE, STATE SUPPORT, RUSSIAN AGRIBUSINESS, US AGRIBUSINESS

Abstract: The article discusses the nature and characteristics of agricultural insurance with state support in Russia and the United States. Comparison of agricultural insurance programs with state support in both countries is carried out for the main comparable types of crops. In Russia, agricultural insurance programs are aimed primarily at reimbursing the costs of cultivating crops (for perennial crops and fodder crops), as well as fixing the selling price for a particular crop. In the United States, agricultural insurance programs are primarily aimed not at reimbursing the costs of agricultural producers, but at reimbursing lost revenue as a result of natural hazards. The introduction of a wider range of insurance instruments with state support into the practice of state regulation of the agricultural sector of the Russian economy, according to the experience of the United States, in the context of the expansion of Russian agricultural exports and a corresponding increase in entrepreneurial risks, is an urgent need.

Authors: Korolkov Andrei Fedorovich, Kopeikin Mikhail Olegovich