{"id":15422,"date":"2021-07-20T09:54:09","date_gmt":"2021-07-20T06:54:09","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=15422"},"modified":"2021-07-20T14:56:40","modified_gmt":"2021-07-20T11:56:40","slug":"foreign-experience-analisis-of-risk","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/foreign-experience-analisis-of-risk\/","title":{"rendered":"Dranus V., Dranus L., Prokopyshyn O. Foreign Experience Analisis of Risk Management in Insurance of Agricultural Production"},"content":{"rendered":"

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JEL Classification<\/strong>: M21; G22<\/i>
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-06<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]<\/p>\n

Dranus Valentyn<\/b>, Ph.D. (Economics), Associate Professor of the Department of Finance and Credit, Petro Mohyla Black Sea National University, Mykolaiv, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0001-5617-6740<\/span><\/a>
\ne-mail:<\/strong> drval8@ukr.net<\/span><\/a><\/p>\n

Dranus Liubov<\/b>, Ph.D. (Economics), Associate Professor of the Department of Management, Petro Mohyla Black Sea National University, Mykolaiv, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0002-6427-1315<\/span><\/a>
\ne-mail:<\/strong> lyuba_melnichuk@ukr.ne<\/span><\/a><\/p>\n

Prokopyshyn Oksana<\/b>, Ph.D. (Economics), Associate Professor of the Department of Accounting and Taxation, Lviv National Agrarian University, Lviv, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0002-7027-3499<\/span><\/a>
\ne-mail:<\/strong> os378@ukr.net<\/span><\/a><\/p>\n

 <\/p>\n

Foreign Experience Analisis of Risk Management in Insurance of Agricultural Production<\/h2>\n

 <\/p>\n

Annotation. Introduction<\/b>. The question of the expediency of regulating insurance relations in a transition economy can arise only if the world experience is ignored. Another thing is that the forms and methods, the degree of distribution, the details of such regulation differ depending on the characteristics of the country, the degree of its economic development, national traditions, integration into the world community and other characteristics.
\nTo improve the quality of insurance for agricultural producers, it is necessary to form a systematic approach to its development. Agricultural production is a sector of the economy with the highest risk of losses from production and economic activities, because the final result of agricultural production depends not only on compliance with production technology, but also depends on the impact of risks not related to the production process.\\
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Purpose.<\/strong> To study the vision of domestic scientists and foreign experience of effective organization in insurance of agricultural producers, which will formulate proposals for improving the quality in insurance of agricultural producers in Ukraine. Prove the feasibility of state participation as one of the main participants in agricultural insurance.<\/p>\n

Conclusions.<\/strong> To improve the quality of insurance for agricultural producers, it is necessary to form a systematic approach to its development. The systems approach should take into account the interaction between the participants in the insurance process of this area: the state, insurers and agricultural producers. The leading place in the system, based on capabilities and interests, should be occupied by the state, which through the implementation of state policy to support agricultural insurance, should ensure the interconnection of interests of the system and unite their efforts to achieve the system. The current state of development in the agricultural insurance system dictates the need to form a systematic approach to its development, which provides for the definition and legislative design forms of interaction between the three main participants in agricultural insurance – agricultural producers, insurance companies and the state. Therefore, the development of agricultural insurance is impossible without significant state support. Important areas are also – the perfection of information, voluntary participation in insurance, the development of insurance against certain risks. Thus, the main task, in our opinion, is the interest in this type of insurers\u2019 insurance, policyholders and the state.<\/p>\n

Keywords: <\/b>insurance; state support; agricultural production; insurance products; risks; economic development.
\n<\/b><\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Dem\u2019ianenko, M. I. (2007). Financial problems of formation and development of the agrarian market. Dopovid na dev\u2019iatykh richnykh zborakh Vseukrainskoho konhresu vchenykh ekonomistiv-ahrarnykiv. <\/span>Bukhhalterskyi portal oblik i finansy APK<\/span><\/i>. Retrieved from : <\/span>http:\/\/magazine.faaf.org.ua\/content\/view\/470\/35\/<\/span> [in Ukrainian].<\/span><\/li>\n
  2. Bekkerman, A., Goodwin, B. K. & Piggott, N. E. (2008). Spatio-temporal Risk and Severity Analysis of\u00a0 Soybean Rust in the United States. <\/span>Journal of Agricultural and Resource Economics, <\/span><\/i>33 (3), 311[in English].<\/span><\/li>\n
  3. Mahul, O. & Stutley Ch. J. (2010). Government Support to Agricultural Insurance. Challenges and Options for Developing Countries. The International Bank for Reconstruction and Development. <\/span>The World Bank,<\/span><\/i> 1818 H Street NW, Washington DC 20433.\u00a0 Retrieved from : <\/span>www.worldbank.org<\/span>, 222 \u0440. [in English].<\/span><\/li>\n
  4. On support of agriculture of Ukraine : Zakon Ukrainy. Retrieved from :\u00a0 <\/span>http:\/\/zakon2.rada.gov.ua\/laws\/show\/1877-15<\/span> [in Ukrainian].<\/span><\/li>\n
  5. Lugoviy, M. Agricultural insurance reform. Retrieved from :\u00a0 <\/span>http:\/\/ukrgromada.org\/index.php?view=article<\/span> [in Ukrainian].<\/span><\/li>\n
  6. Filoniuk, O. F. Steps of formation of the insurance market of Ukraine or 10 years of life of a single insurance family. Retrieved from : <\/span>http:\/\/forinsurer.com\/public\/03\/01\/16\/235<\/span> [in Ukrainian].<\/span><\/li>\n
  7. Agrarian insurance of Ukraine. Retrieved from : <\/span>http:\/\/agroins.com.ua<\/span> [in Ukrainian].<\/span><\/li>\n
  8. Agroinsurance : a portal about agricultural risk insurance.\u00a0 Retrieved from : http: \/\/www.agroinsurance.com\/ru\/ [in Russ].<\/span><\/li>\n
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  10. Dranus, V. V. & Melnychuk, L.S. (2017). Insurance of production and economic risks in agricultural production of Ukraine taking into account foreign experience. <\/span>Ahrarna nauka ta osvita Podillia: zbirnyk naukovykh prats mizhnar. nauk.-prakt. Konf, <\/span><\/i>\u00a02, 2017, 405 [in Ukrainian].<\/span><\/li>\n
  11. Dranus, V. V. (2014). Prospects for the development of insurance of agricultural production risks in Ukraine based on the analysis of foreign experience. <\/span>Naukovi pratsi : Naukovo-metodychnyi zhurnal<\/span><\/i>, 231 (243). Ekonomika. Mykolaiv : Vyd-vo ChDU im. Petra Mohyly, 2014, 18-23 [in Ukrainian].<\/span><\/li>\n
  12. Agricultural insurance and agricultural productivity : Granger causality test : An application in the United States (2015). <\/span>International Journal of Current Research,<\/span><\/i> 2015, 7 (9), \u0440. 20367-20372.<\/span><\/li>\n
  13. Krichevskaya, L. International experience of public-private partnership and state support in agricultural insurance.\u00a0 Retrieved from : <\/span>http:\/\/agroinsurance.com\/ru\/29980\/<\/span>\u00a0 [in Russ].<\/span><\/li>\n
  14. Pavelko, N. (2012). International experience in implementing state policy in the field of agricultural insurance : prospects for Ukraine. <\/span>Derzhava ta reg\u0456oni.<\/span><\/i> Ser\u0456ya : Derzhavne upravl\u0456nnya, 2012, 4, 199\u2013205 [in Ukrainian].<\/span><\/li>\n
  15. Shinkarenko, R. International practice of agricultural insurance subsidies. Retrieved from : http:\/\/www.agroinsurance.com\/ru\/analytics\/?pid=10597 [in Ukrainian].<\/span><\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: <\/strong>03\u00a0May 2021<\/span><\/strong><\/p>\n

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    Dranus V., Dranus L., Prokopyshyn O. (2021). Foreign Experience Analisis of Risk Management in Insurance of Agricultural Production. Modern Economics<\/em>, 27(2021), 42-48. DOI: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-06.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: M21; G22 DOI: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-06 [\/vc_column_text][vc_column_text] Dranus Valentyn, Ph.D. (Economics), Associate Professor of the Department of Finance and Credit, Petro Mohyla Black Sea National University, Mykolaiv, Ukraine ORCID ID: 0000-0001-5617-6740 e-mail: drval8@ukr.net Dranus Liubov, Ph.D. (Economics), Associate Professor of the Department of Management, Petro Mohyla Black Sea National University, Mykolaiv, Ukraine ORCID ID:
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