Foreign experience of argoinsurance and the possibilities of its adaptation to Russian conditions

The agrarian sector of our country's economy is one of the strategic directions. Ensuring food supplies protects the country from external suppliers and allows it to develop amidst severe sanctions, as food security is one of the most important elements of national security for any state. At the same time, agricultural production has historically been considered a high-risk business direction, and in Russia's diverse natural conditions, this is particularly relevant. One of the mechanisms that helps mitigate the risks of agribusiness operators is agricultural insurance. In recent years, the Russian agricultural insurance market has been growing rapidly; thus, in 2023, insurance coverage in crop farming reached over 14%, and 44% of farm animals were insured. Agricultural insurance programs involve 48 regions of Russia. Nevertheless, it lags behind many developed countries in terms of penetration level and the variety of insurance programs offered by insurance companies to their clients. Regarding the 'agricultural insurance' segment, it has received close attention in recent years, but measures of state support and state regulation are clearly insufficient. For the purpose of developing a strategy for further development of agricultural risk insurance and achieving the objective of covering 30% of agricultural land by 2030, it is relevant to study foreign experience in order to identify opportunities for implementing the most effective mechanisms in Russian conditions.