Mechanism of Legal Regulation of Agricultural Production Insurance as a Way to Ensure Food Security of the Country

Abstract

The article talks about the importance of agricultural insurance for ensuring the financial well-being of agricultural producers and food security of the country. The main regulatory documents regulating insurance in the agricultural sector of the economy are indicated. The positive aspects achieved during the validity period of Federal Law No. 260 are noted: the possibility of choosing the most significant risks for production and the exclusion of unlikely ones; the ability to establish a real level of coverage; the threshold for the death of the crop yield and the harvest of perennial plantings has been abolished and the introduction of a criterion - a decrease in the actual harvest compared to the planned and loss of viability of perennial plantings as a result of the occurrence of events provided for by law; it is possible to take into account the specifics of the economy when assigning insurance amounts; the range of deductibles has been expanded; it is now possible to conclude an insurance contract for at least 70% of the cost crop yields, plantings of perennial plantings, or animals; the possibility of using space monitoring data to confirm the facts of the occurrence of an insured event. Production insurance has been introduced in case of natural emergencies. A number of issues requiring additional legal regulation in connection with the occurrence of natural emergencies are considered. The analysis of the law enforcement practice on agricultural insurance in the country is given.