Agricultural Insurance as a Tool of Marketing Risk Management in Agriculture
Nabi D. Avarskii1, Aleksandr Iv. Bogachev2, Anton V. Alpatov3, Aslan A. Khashir4, Vadim R. Gumerov5, Bella O. Khashir6
1Aleksandr Iv. Bogachev, Parakhin Oryol State Agrarian University, Oryol, Russia.
2Nabi D. Avarskii, Federal State Budgetary Scientific Institution “Federal Research Center of Agrarian Economy and Social Development of Rural Areas – All-Russian Research Institute of Agricultural Economics” under Ministry of Science and Higher Education of Russian Federation, Moscow, Russia.
3Anton V. Alpatov, Federal State Budgetary Scientific Institution “Federal Research Center of Agrarian Economy and Social Development of Rural Areas – All-Russian Research Institute of Agricultural Economics” under Ministry of Science and Higher Education of Russian Federation, Moscow, Russia.
4Aslan A.Khashir, Federal State Budgetary Scientific Institution “Federal Research Center of Agrarian Economy and Social Development of Rural Areas – All-Russian Research Institute of Agricultural Economics” under Ministry of Science and Higher Education of Russian Federation, Moscow, Russia.
5Vadim R. Gumerov, Federal State Budgetary Scientific Institution “Federal Research Center of Agrarian Economy and Social Development of Rural Areas – All-Russian Research Institute of Agricultural Economics” under Ministry of Science and Higher Education of Russian Federation, Moscow, Russia.
6Bella O. Khashir, Kuban State Technological University, Krasnodar, Russia.
Manuscript received on 17 August 2019. | Revised Manuscript received on 23 August 2019. | Manuscript published on 30 September 2019. | PP: 8274-8285 | Volume-8 Issue-3 September 2019 | Retrieval Number: C6581098319/2019©BEIESP | DOI: 10.35940/ijrte.C6581.098319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The aim of the study is to assess the current state of agricultural insurance with state support as one of the components of the development mechanism of the agricultural sector and determine the vectors of its development. It is concluded that such insurance has not yet become a financial tool to minimize economic risks for most farmers. According to the results of the study, the main sources, causes and risk factors for reducing the stability of the agricultural insurance system were identified; the results of changes in the relevant legislation on agricultural insurance are evaluated; a set of measures has been formulated to transform the current agricultural risk insurance system aimed at developing and improving the efficiency of this sector of the insurance market of the Russian Federation.
Keywords: Agricultural Insurance, Agriculture, Risks, Government Support, Conflict of Interest, System Stability.
Scope of the Article: Time and Knowledge Management Tools