Insurance mechanism of agricultural enterprises functioning

Abstract

In the conditions of protracted political and economic crisis, devaluation of the national currency, groundless state policy and a number of other factors, caused the violation of effective work of the economic system of Ukraine. Under these conditions, stabilization of the situation can be achieved through the development and quality functioning of agriculture, which will provide solutions to the issues of improving its food and financial security. Today, agriculture is a promising branch of the country's economic development. But at the same time it is one of the most risky, because the success of the industry depends largely on weather conditions. Prices for agrarian products are constantly increasing, so the loss or lack of harvest leads to significant material losses for producers and leads to loss of benefits. Ukraine's accession to the WTO in 2008, the launch of the free trade zone with the European Union in 2016 sets new requirements for agricultural products, requires the creation of a more competitive environment in the country. Reliable protection of producers of agricultural products from risks provides insurance.