THE IMPORTANCE OF AGROINSURANCE FOR THE DEVELOPMENT OF AGRICULTURAL PRODUCTION

Abstract

The main functions of agricultural insurance are to support agricultural production and to compensate for the damage caused by the realization of agro risks. Agricultural insurance is a subtype of property insurance that reduces risk to the farming sector and stimulates the development of agricultural production. Thus the implementation of agricultural insurance is important for the farmer. The aim of the Essay is to study the peculiarities of agricultural insurance and to develop development perspectives in Georgia. The objectives of the research are to study the current situation in the Georgian agricultural insurance market, to analyze the state agricultural insurance program and to determine the main directions of agricultural insurance development.