International experience on insurance of farms from export risks: existing problems and perspectives in Azerbaijan


Ələkbərov Ə., Xudiyev N.

Economic and Social Development: Book of Proceedings, vol.0,7, no.2, pp.76-88, 2020 (Conference Book)

Qısa məlumat

The agricultural sector plays an important role in the economy and people's lives. One of the areas of material production is agriculture and first of all its features are caused by natural and biological factors. Agricultural producers in the country face numerous risks that jeopardize their products, income and sometimes their consumption. Various preventive measures are taken against the risks affecting agrarian production, using risk management tools at the farm level. A number of countries also use state support for the development of agricultural insurance. This support is determined by the role and functions of the state, the level of agricultural production risk, the degree of government intervention in the economy, the effectiveness of government agencies and other factors. In our opinion, comparative analysis of state support and insurance mechanisms, risk management of exporter farmers for Azerbaijan and can contribute to the improvement of the optimal agrarian production and export insurance systems as a whole. Trend analysis of export dynamics around the world shows that Azerbaijan's share in world exports of agricultural and food products varies by 0.04-0.05% over the years [4],[8]. However, export insurance is an important mechanism that stimulates the export of goods and services used by a number of countries for a long time. The practice of carrying out export insurance transactions is rarely found in our country. The fact that all these mentioned nuances have led to positive trends around the world and study of international experience in export insurance has also become an actual issue.