THE EVOLUTION OF AGRICULTURAL INSURANCE MARKET
Abstract
Agricultural insurance helps to stabilise farming income and promote investment in agriculture. On the other hand, this products manages risks in the agricultural food value chain. Using agricultural insurance, the farmers in emerging markets can makes the jump from subsistence farming to sustainable farming. Subsidising agricultural insurance, in economic crisis, offers the benefit of encouraging farmers to access credit (seasonal loans) and invest in enhanced production and achieve increased yields. In many emerging markets where infrastructure is still underdeveloped, it can also be leveraged to encourage investment in storage and transportation, distribution and other logistics services. In the context of developed economies, the low and middle income countries, this article examines the evolution of agricultural insurance markets. The analysis of the agricultural insurance market highlighted the necessity of applying measures of improving the insurers’ activity.
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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL
ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)
PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English
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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
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