MONITORING OF INSURANCE RISK IN THE AGRICULTURAL SECTOR

Abstract

The purpose of research - is risk reducing through the development of risks insurance system in the agricultural sector. The feature of agricultural production is its dependence from the influence of climatic conditions. Thus, according to the calculations, the amount of crops loss, reducing crop yields and death of animals in the farms of the Samara region in 2012 amounted to 2.443.300.000. rub. Agricultural insurance in many countries is one of the means used by manufacturers as part of their comprehensive strategy management of agricultural risk. The main aim of risk insurance creating effective system for agricultural producers with state support is available for the provision of the vast majority of insurance products for comprehensive protection of the production of the main risks in the production of agricultural products. In 2003 it was created FSBI «Federal Agency for State Support of Insurance in the field of agricultural production», the purpose of which is to perform managerial and methodological features that ensure the development of agricultural production risk insurance with state support. Monitoring risk insurance of agricultural producers in the Russian Federation showed that for the period 2008-2013 the amount of subsidies increase, transfers from the federal budget to the budgets of the Russian Federation for compensation of costs for insurance contracts by 21.2%. In Samara region in 2013, the number of contracts compared to 2008 increased by 3.5 times. There has also been the increase in the amount of subsidies for reimbursement of expenses for payment of insurance premium to 4.18 million rubles in 2008 to 95.94 million in 2013. The developed system of risk insurance in a market economy is reliable way for financial compensation for losses of agricultural producers arising from the occurrence of adverse factors.