Actual problems of innovative economy and law

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Agricultural insurance as a tool for ensuring the economic sustainability of agri-food production

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УДК: 368.1

DOI: https://doi.org/10.36887/2524-0455-2026-2-44

Semen Kravchenko,
Post-graduate Student of Management Department,
Sumy National Agrarian University,
https://orcid.org/0009-0002-5591-2325

Published: 31.05.2026

The article examines the current state, development trends, and institutional principles of the functioning of the agricultural insurance system as one of the key mechanisms for ensuring the economic sustainability of agri-food enterprises. It is evident that in the context of increasing climatic, economic, and military risks, agricultural insurance is gaining strategic importance for ensuring the continuity of production activities, increasing the investment attractiveness of the agricultural sector, and strengthening the state’s food security. The current state of the Ukrainian agricultural insurance market, the dynamics of insurance contract issuance, changes in insurance tariffs, the level of insurance payments, regional features in the development of the insurance market, and the activities of leading insurance companies are analyzed. Particular attention is paid to assessing the impact of state support on the development of agricultural insurance using regression analysis, which made it possible to determine the relationship between subsidizing insurance programs and the activation of investment processes in agri-food production. It was established that the development of the insurance mechanism contributes to increasing the financial stability of commodity producers, improves access to credit resources, and creates the prerequisites for the stable development of the agricultural sector. The prospects for using modern insurance protection instruments, in particular weather index insurance, multi-risk programs, parametric insurance, and war risk insurance mechanisms, are considered. It has been proven that their implementation will improve risk management efficiency, minimize losses for agricultural producers, and strengthen the institutional infrastructure of the insurance market in accordance with international standards. The need to improve state policy in agricultural insurance by developing mechanisms to subsidize insurance premiums, establishing guarantee funds, strengthening the reinsurance system, developing digital technologies for risk assessment, and expanding international cooperation is substantiated. The implementation of the proposed directions will contribute to the formation of an effective system of insurance protection of agri-food production, ensuring its financial stability, increasing the competitiveness of agricultural enterprises, and creating conditions for a sustainable post-war recovery of the Ukrainian economy.

Keywords: agricultural insurance; agri-food production; risk management; state support; insurance mechanisms; weather index insurance; war risks; financial stability; institutional support; agricultural policy.

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Quote article, APA style

Semen K. Agricultural insurance as a tool for ensuring the economic sustainability of agri-food production. Actual problems of innovative economy and law. 2026. №2. 201-206 pp. https://doi.org/10.36887/2524-0455-2026-2-44

Quote article, MLA style

Semen K. Agricultural insurance as a tool for ensuring the economic sustainability of agri-food production. Actual problems of innovative economy and law. https://doi.org/10.36887/2524-0455-2026-2-44