RISKS OF AGRICULTURAL PRODUCTS AND THE NEED FOR INSURANCE IN ARMENIA

  • Hrant Hayrapetyan Armenian State University of Economics, Aspirant in the department of Finances, Accounting
Keywords: agriculture, risk, insurance, plant species, disaster

Abstract

Agriculture is one of the main sectors of the economy of the Republic of Armenia. The efficiency of agricultural production in the province is mainly due to climatic conditions. For this purpose, first of all, a systematic study should be carried out on the situation in the provinces, the agricultural features of each province, the dangers posed and the agricultural work being carried out. The features of this system are different in different countries, and their study will allow us to find similarities that can be applied in Armenia. Assessing the importance and difficulties of agricultural insurance, it is necessary to introduce an insurance system that equally expresses the interests of both the insured and the insurer. In other words, to neutralize farm risks, insurance companies will not increase their risks, so a reasonable way to balance them is to introduce a state-subsidized agricultural insurance system.

References

Avetisyan S., «Ways to implement the agricultural Risk Insurance System in the Republic of Armenia», Yerevan, «Economist» Publishing House, 2017, p. 13. (translated from Armenian)

Agriculture, forestry and fishing, Retrieved from: https://www.armstat.am/file/article/sv_12_17a_122.pdf (translated from Armenian)

Improvement of living conditions through rural biodiversity protection and use in rural communities of Armenia, "Climate of the Republic of Armenia", Yerevan 2016, pp. 14-21 (translated from Armenian)

Statistical Committee of Armenia, Agriculture, p. 323. Retrieved from: https://www.armstat.am/file/doc/99516793.pdf (translated from Armenian)

Hydro-meteorological conditions in July 2019, Yerevan 2019, pp. 136-137. Retrieved from: http://www.mes.am/files/docs/3349.pdf (translated from Armenian)

Сельскохозяйственные риски (in Russian) Retrieved from: http://www.risk24.ru/selskoxozriski.htm, http://belasin.by/news.aspx?id=2200&AspxAutoDetectCookieSupport=1

Retrieved from: https://agroinsurance.com/ru/5736/

Published
2020-04-30
Citations
How to Cite
Hrant Hayrapetyan. (2020). RISKS OF AGRICULTURAL PRODUCTS AND THE NEED FOR INSURANCE IN ARMENIA. Science Review, (4(31), 25-29. https://doi.org/10.31435/rsglobal_sr/30042020/7053
Section
Economy
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