RATIONALE FOR NECESSITY OF COOPERATIVE AGRICULTURAL INSURANCE DEVELOPMENT

Abstract

The article is devoted to the problems of development of agricultural insurance on a cooperative basis. The analysis of insurance indices in the field of crop production and livestock production is carried out. It allowed evaluating the effectiveness of the existing system of agricultural insurance under state support. The analysis shows that the regulatory and legal framework for agricultural insurance at the current stage does not meet the challenges facing it. The greatest problems of agricultural risks insurance are in subjects of small agribusiness. The need for the development of agricultural consumer insurance co-operation is one of the effective tools for solving the problem. The expediency of forming a separate subsystem of agricultural risks insurance under state support for representatives of small and medium-sized agribusiness on a cooperative basis is justified. The main measures of legal and financial support to ensure the effective development of insurance cooperatives are identified.