Agrarian insurance in Russia: condition, difficulties, and ways of their overcoming

Abstract

The article discusses the history of the development of state support for the agrarian producers sector in Russia and, in particular, the federal system of subsidizing agrarian insurance. It is shown that the main problems that violate the further progressive development of the agrarian insurance market are the destabilization of subsidies, the prevalence of compulsory insurance elements, the imperfection of legal support of insurance business and taxation of insurance activities, the decrease in the solvency of the population, the lack of clarity of state policy, and insufficient insurance culture of agrarian producers. The main directions of the development of agrarian insurance are proposed, one of which is the development of pilot projects for agrarian income insurance. It was analyzed on the experience of agrarian producers insurance in the USA and Canada, which led to the identification of the most critical factors that must be taken into account when developing the structure of income insurance. It is concluded that the essential factors in the development of agrarian insurance are the availability of the necessary volume of data on prices and the level of productivity in the region and sufficient support from the state.