AGRICULTURAL INSURANCE AS AN IMPLEMENT OF FINANCIAL FARM SUPPORT IN THE CONDITIONS OF SANCTIONS
The article deals with the present state of the agricultural insurance market in Russia in general and in the context of separate subjects of the Russian Federation. The main problems that hinder the further development of the agricultural insurance market in Russia are determined. As a way to improve the process of agricultural insurance the authors offered an insurance product that includes comprehensive insurance of the most popular types of risks that may occur in agricultural production. Moreover, for such comprehensive products the state support in the form of subsidies in the amount of 50% of insurance premium is offered. The calculations of the sum insured and insurance premium when the comprehensive program is used by agricultural enterprises of Penza region for the period till 2020 have been done, and also the necessary amount of state funds for these purposes has been determined. Using a comprehensive insurance product will enable the agricultural producers to improve financial sustainability in the conditions of the sanctions policy of the EU and the USA.