Protection of domestic agriculture risks as a condition for ensuring food security

The level of development of the country's economy depends significantly on the development andstability of the agricultural sector. Agriculture is a fundamental basis for ensuring food security.Ensuring food security and increasing the volume of agricultural production has become one ofthe priority areas for the development of the domestic economy. This issue has acquiredparticular relevance for Russia in the context of severe economic sanctions. The most important financial instrument that ensures sustainable development of the agricultural sector is riskinsurance. The implementation of agricultural risks has a number of specific features, whichdetermines the increased interest in this area of state support for the industry. The purpose of thearticle is to substantiate the importance of agricultural risk insurance in ensuring food securitybased on the results of the study. The paper analyzes the state of the main parameters of foodsecurity in Russia: the availability of food products for the population, the quality and safety offood, the stability of the food security system, the level of Russia's self-sufficiency in food, thelevel of consumption of certain food products by the population, the dynamics of the population'sfood expenditures. The main trends in the functioning of the agricultural insurance market at thepresent stage, such as: predominance of insurance with state support, growth of insurancecoverage of regions and agricultural producers, increase in the activity of farmers in concludinginsurance contracts, increase in the volume of allocated state support, low attractiveness of theagricultural sector for insurers and low competition in the regions, growth in the amount ofinsurance premiums earned, high concentration of the insurance business, limited availability ofinsurance for small and medium-sized farmers, dependence of the agricultural insurance systemon subsidies, non-equivalence of insurance relations, an increase in the number of refusals ininsurance payments are determined. The interrelation between separate parameters of insuranceand financial results, financial stability and solvency of agrarians are established. The conclusionabout the importance of the development of the segment of insurance of agricultural risks inensuring food security is substantiated.