ACADEMICIA: An International Multidisciplinary Research Journal
  • Year: 2020
  • Volume: 10
  • Issue: 3

Analysis of activities of support of agricultural insurance

Independent Researcher, Tashkent Financial Institute, Uzbekistan

Online published on 22 April, 2020.

Abstract

This article analyzes the practice of using insurance mechanisms in government support for agriculture. Experience of developed countries in the field of agricultural insurance has been studied in the world, and comparative analysis of the use of insurance mechanisms in support of agriculture is provided. In the public-private partnership model, the leading role belongs to the state that initiates, organizes, and finances the relationship. In the model of public-private partnership, the state insurance organization conducts its activities within the current legislation. In addition, a special law on state support for agricultural insurance regulates the relations of all participants in a particular model of public-private partnership. The government also pays 80% of insurance premiums to farmers under a separate Disaster Program. This program is managed by the state through the KANAT Foundation. In addition, this organization provides insurance for almost all types of crops, as well as implements animal and water insurance programs across the country.

Keywords

Agricultural Insurance, Insurance Premium, Insurance Coverage, Insurance Programs, Public-Private Partnerships, Agricultural Risks