Risk insurance of agricultural organizations in Russia: Trends, problems, directions of development

Abstract

The historical heterogeneity of the Russian economic space has a significant impact on the evolution of the state structure, the structure and efficiency of the economy. Agriculture is carried out in conditions of risky farming, due to droughts, waterlogs, cold weather, which leads to poor harvest years, to high losses of livestock of farm animals. Thus, the weight of the frost, hail, in the South of Russia in 2018 caused great damage to the development of agriculture in the amount of 7.3 billion rubles, floods in Siberia, the Far East in 2019 caused damage costing more than 13 billion rubles. High risks rooted in the peculiarities of agricultural activities, crisis financial condition, debt burden of agricultural enterprises do not allow them to cope with losses on their own. However, the role of such enterprises and their products is the subject of national policy aimed at ensuring the country's food security. Despite notable achievements in the economic development, expansion of agriculture, the protection of the interests of the farmers remains low. The problems of crop loss, animal deaths, the issues of establishing insurance conditions with state support containing a combined list of insurance risks, without taking into account natural and climatic conditions, the imperfection of the procedure for providing state subsidies to the regions stays quite acute and relevant.