Insurance of the agro-industrial complex: prospects of legal regulation

Institute of Service and Entrepreneurship (branch) of DSTU in Shakhty, Shevchenko 110, Shakhty city, Rostov region, 346500, Russia

^* Corresponding author: agafonova.tanyu.agafonova@yandex.ru

Abstract

The agro-industrial complex is an extensive and comprehensive sector that needs legal regulation for efficiency and legal protection. One of the labor-intensive and complex branches of the agricultural sector in the economy is agriculture. The complexity of economic development through the agricultural sector lies in the instability of climatic conditions in different rural areas of the Russian Federation. Two directions of development of the agro-industrial complex are considered. A new strategy for the development of the agro-industrial complex until 2030 is analyzed. Very careful attention is paid to the goals and directions of this strategy. There are certain strategic risks in the agro-industrial sector. Fluctuations in the economic situation and the application of sanctions by foreign countries create a negative environment for Russia in international trade. Due to the instability of economic and political factors, it can be said that the agro-industrial sector is a risky industry. Therefore, the way out of this situation is insurance of agro-industrial risks. Insurance refers to the protection of property that has suffered damage or loss in certain insurance cases, with the help of insurance funds. In the future, in the author's opinion, the development of insurance in agriculture should be carried out in the following directions: improvement of legislation, namely the adoption of a regulatory act regulating the specifics of insurance in the agricultural sector, taking into account the changed economic conditions.