Agriculture: state, problems and prospects

Abstract

The article is devoted to the definition of modern trends in the development of the insurance sector of agricultural crops and animals. It was found that the agribusiness market is actively developing. The analysis of functioning of the insurance market of agricultural crops in the period from 2005 to 2017 is carried out and it is determined that the market output after a protracted crisis began in 2016. The state of insurance of farm animals for 2017 is covered. An assessment of such development in terms of: the number of concluded contracts, the insured area, the insurance amount, insurance premiums, insurance rates and the level of payments. It is indicated what problems today are facing both insurance companies and agrarians, which hinder the effective functioning of the agri-insurance market. It is determined what insurance products are presented at today's agri-insurance market and on what conditions. It was revealed what further development of agricultural insurance should be directed towards.