FEATURES OF DEVELOPMENT OF THE MECHANISM OF CROP INSURANCE FROM THE IMPACT OF EMERGENCY RISKS IN RUSSIA

Issue № 6, 2025, article № 7, pages 67-76

Section: Investment and innovation in agriculture

Language: Russian

Original language title: ОСОБЕННОСТИ РАЗВИТИЯ МЕХАНИЗМА СТРАХОВАНИЯ УРОЖАЯ СЕЛЬСКОХОЗЯЙСТВЕННЫХ КУЛЬТУР ОТ ВОЗДЕЙСТВИЯ РИСКОВ ЧРЕЗВЫЧАЙНЫХ СИТУАЦИЙ В РОССИИ

Keywords: BUDGET BURDEN, STATE SUPPORT, MULTI-PERIL INSURANCE, DIRECT COMPENSATION FOR DAMAGE, SUBSIDIZING INSURANCE PREMIUMS, CROP HARVEST, EMERGENCY

Abstract: The article considers the problems and prospects for the development of the agricultural crop insurance system in Russia. For a long time, the protection of the property interests of agricultural producers was based on a combination of commercial insurance with state support and a mechanism for direct compensation for damage from the federal budget. However, this model has demonstrated low efficiency, accompanied by significant contradictions: the high cost of insurance policies, the lack of affordable and balanced insurance products, as well as significant dependence on direct budget support have led to a decrease in interest in insurance and the formation of a dependent mood among industry participants. Particular attention is paid to the introduction of a new emergency crop insurance program in 2021. This instrument has become an important step in the transformation of the insurance protection system: it has expanded insurance coverage, increased the financial availability of protection for agricultural producers and helped reduce the burden on the federal budget. The analysis demonstrated a successful start of the program, its attractiveness for industry participants and the potential to replace the practice of direct compensation for damage from the budget. The results of the study confirm that the new insurance program is a key element in the formation of a sustainable risk management system in crop production and increasing the resilience of agricultural production in the context of climate change.

Authors: Palatkin Ivan Viktorovich, Shumkin Andrey Yurievich