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{"id":16095,"date":"2021-09-20T23:14:11","date_gmt":"2021-09-20T20:14:11","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=16095"},"modified":"2022-06-07T21:46:02","modified_gmt":"2022-06-07T18:46:02","slug":"institutional-support-of-agricultural-market","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/institutional-support-of-agricultural-market\/","title":{"rendered":"Petrenko O. Institutional support of agricultural market development"},"content":{"rendered":"

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JEL Classification<\/strong>: \u041e10; Q13<\/em><\/span>; H21.<\/span><\/b><\/em><\/p>\n

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DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V28(2021)-15<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Petrenko Olga<\/strong>, Candidate of Economic Sciences, Associate Professor of the Department of Economic Theory and Economics of Enterprises, Odessa State Agrarian University, Odessa, Ukraine<\/p>\n

ORCID<\/strong>: 0000-0001-9722-3785<\/a><\/p>\n

e-mail<\/strong>: leka_m@ukr.net<\/a><\/p>\n

 <\/p>\n

Institutional Support of Agricultural Market Development<\/strong><\/h2>\n

 <\/p>\n

Abstract.<\/b> Introduction. <\/strong>The article considers the problem of institutional support for the development of the agricultural insurance market in Ukraine. The substantiation of the algorithm of reproduction of dynamic process of institutional development which is offered to be realized in three stages is given: 1) assistance of growth of mutual trust of operating subjects of the agroinsurance market; 2) settlement of consolidated liability of all participants in the insurance process in the agricultural sector; 3) creation of conditions for the functioning of a proper insurance environment in the agricultural insurance market.<\/span><\/p>\n

Results.<\/b> Directions of improving the institutional environment of the agricultural insurance market on the basis of systematic coordination of relevant formal (various laws and regulations, insurance conditions, etc.) and informal institutions (insurance culture, moral and ethical values, etc.), effective infrastructure and information support, effective transaction cost management are proposed. domestic insurance companies, synergistic interaction of direct (insurers, insurers and intermediaries) and indirect (governmental and non-governmental institutions) participants in the agricultural insurance process. The key condition for optimal interaction of agricultural insurance market participants is to increase the level of development of its institutional support, focused on the distribution or redistribution of risks and liability in the time lag. <\/span><\/p>\n

Conclusions<\/b>. Thus, the process of institutional support for the development of the agricultural insurance market should be considered in terms of algorithmic settlement of insurance interests and opportunities for integration of formal, informal, functional and structural institutions, which are focused on ensuring a culture of providing and consuming agricultural insurance services. Emphasis is placed on the fact that the institutional support for the development of the agricultural insurance market is based on the formation of stable effective demand of potential policyholders for certain insurance services and their direct generation by various insurance companies to timely cover emerging agricultural insurance risks. To promote the sustainability of the agricultural insurance market is its modernization, which focuses on the systematic adoption of strategic measures to organize the reproduction of a proper favorable insurance environment in agricultural insurance.<\/span><\/p>\n

Keywords:<\/b> market; agricultural insurance; insurance; agricultural sector; institutiona; development.<\/span><\/p>\n

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

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  1. Verkhovna Rada of Ukraine. (2004). About State Support to Agriculture in Ukraine (Act No 1877-IV, June 24). Retrieved from : http:\/\/zakon2.rada.gov.ua\/laws\/show\/1877-15 [in Ukrainian].<\/li>\n
  2. Ostapenko, O. M. (2013). Improvement of the domestic insurance system for agrarians in the light of foreign experience. Economy<\/em> : realities of time,<\/em> 5(10), 38-45 [in Ukrainian].<\/li>\n
  3. Sholoyko, A. \u0421. (2009). Principles of compulsory insurance in a market economy. Ekonomika APK,<\/em> 10, 55-58 [in Ukrainian].<\/li>\n
  4. Zhmurko, I.(2015). Risks in the agrarian sector and the need for their insurance. Economy of agroindustrial complex<\/em>, 4, 25-27 [in Ukrainian].<\/li>\n
  5. Martseniuk-Rozar’onova, O.V. (2014). Feature and state of development of the insurance market of Ukraine. Ekonomichni nauky<\/em>, 7, 48-50. [in Ukrainian].<\/li>\n
  6. Accounting and Finance of the AIC (2018). Accounting Portal. Providing insurance protection to agricultural commodity producers. Retrieved from : http:\/\/magazine.faaf.org.ua\/zabezpechennya-strahovogo-zahistuagrarnih-tovarovirobnikiv.html\/ [in Ukrainian].<\/li>\n
  7. Officially about taxes (2015). Official web-site. Features of insurance in the agrarian sector. Retrieved from : http:\/\/www.visnuk.com.ua\/ua\/pubs\/id\/8247 [in Ukrainian].<\/li>\n
  8. Agroinsurance (2017). Ukrainian agribusiness market in 2017. Retrieved from http:\/\/agroinsurance.com [in Ukrainian].<\/li>\n
  9. AgroSvit (2017). Official web-site. Economic Content and Importance of Agricultural Insurance. Retrieved from : http:\/\/www.agrosvit.info\/pdf\/4_2017\/7.pdf [in Ukrainian].<\/li>\n
  10. League of Insurance Organizations of Ukraine (2017). Official web-site. Retrieved from : http:\/\/uainsur.com\/ [in Ukrainian].<\/li>\n
  11. Nikoliuk, O. V. (2018). Teoretyko-metodolohichni zasady instytutsiinoho rehuliuvannia sotsialno-ekonomichnoi bezpeky ahrarnoho vyrobnytstva. Odessa : Printing House, Print South [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: <\/strong>23 August\u00a02021<\/span><\/strong><\/p>\n

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    Petrenko O. (2021). Institutional support of agricultural market development. Modern Economics<\/em>, 28(2021), 104-109. DOI: https:\/\/doi.org\/10.31521\/modecon.V28(2021)-15.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: \u041e10; Q13; H21. [\/vc_column_text][vc_column_text] DOI: https:\/\/doi.org\/10.31521\/modecon.V28(2021)-15 Petrenko Olga, Candidate of Economic Sciences, Associate Professor of the Department of Economic Theory and Economics of Enterprises, Odessa State Agrarian University, Odessa, Ukraine ORCID: 0000-0001-9722-3785 e-mail: leka_m@ukr.net   Institutional Support of Agricultural Market Development   Abstract. Introduction. The article considers the problem of institutional support
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