Abstract
Agriculture is one of the main sectors of the economy of the Republic of Armenia. The efficiency of agricultural production in the province is mainly due to climatic conditions. For this purpose, first of all, a systematic study should be carried out on the situation in the provinces, the agricultural features of each province, the dangers posed and the agricultural work being carried out. The features of this system are different in different countries, and their study will allow us to find similarities that can be applied in Armenia. Assessing the importance and difficulties of agricultural insurance, it is necessary to introduce an insurance system that equally expresses the interests of both the insured and the insurer. In other words, to neutralize farm risks, insurance companies will not increase their risks, so a reasonable way to balance them is to introduce a state-subsidized agricultural insurance system.
Highlights
Given the fact that agriculture in the Republic of Armenia is largely conditioned by the risk factor, taking into account the country's vital activity and food security, the key importance of the sector in raising the general living standards of the national economy is one of the main goals of state policy, created as the insurance system with mechanisms
There were different classifications of intrinsic risks to crops that could be summarized in the following groups: ✓ Climatic risks due to the negative impact of nature, which occur in the form of elementary disasters, plant diseases, climate change, etc.; ✓ Sanitary risks: rodents, pests, epidemics, various diseases, etc., ✓ Market risks related to price fluctuations in local or international markets for agricultural products, changes in quality requirements for goods, etc.; ✓ Legislative risks arising from possible non-compliance with the new laws in case of noncompliance with the norms defined by the legislation or their amendment; ✓ Quantitative and qualitative changes in production factors, which are reflected in the deterioration of the quality of plant seeds, fertilizers, malfunctions of used technical means, reduction of productivity
About 4-5% of the annual crop rotation in Armenia has been destroyed by hail: [5] In the form of Table 1, we presented a number of plant species that are of great agricultural importance in Armenia, and the threatening risks of each plant could be classified as follows: Table 1
Summary
Given the fact that agriculture in the Republic of Armenia is largely conditioned by the risk factor, taking into account the country's vital activity and food security, the key importance of the sector in raising the general living standards of the national economy is one of the main goals of state policy, created as the insurance system with mechanisms. As an effective factor in the development of a number of key areas of the economy and in solving the problems that ensure the normal functioning of society, insurance has proven its importance, role and significance in market relations. The agricultural sector was of great importance for the Republic of Armenia It provided the significant part of the livelihoods of rural communities in Armenia, rural development, food security, and product exports. Taking into account the fact that agricultural insurance, as a separate direction of insurance, does not yet have its proper manifestation in the Republic of Armenia, the study of scientific works with closer and more practical connections on the topic becomes more complicated
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