Results of agricultural insurance in Russia in 2021: 5.8 million hectares and 10.7 million heads of farm animals

Agricultural insurance is a real tool for improving the financial stability of agricultural enterprises, recalls Sergey Mitin, First Deputy Chairman of the Committee of the Federation Council on Agrarian Food Policy and Environmental Management, representative in the Federation Council from the executive body of state power of the Novgorod Region

Sergey Mitin commented on the implementation of measures to develop agricultural insurance with state support.

According to the senator, the practical positive result of measures to develop this mechanism in 2021 was the insurance coverage of 5.8 million hectares of sown areas in 57 constituent entities of the Russian Federation and 10.7 million conditional heads of farm animals in 67 regions.

According to Sergei Mitin, the federal law has begun to work. According to the National Union of Agricultural Insurers, in particular, in the Northwestern Federal District, during 2021, farms received over 570 million rubles of insurance payments.

As an example, the senator spoke about the insurance of arable land and livestock on the terms of state support in the Novgorod region.

The region ranks second among the constituent entities of the Russian Federation in terms of the share of insured farm animals - 84.3 percent. (163 thousand heads out of 193 thousand). However, arable areas in 2021 in the Novgorod region were not insured. This issue requires special attention, the parliamentarian believes.

Sergey Mitin informed that the Federation Council pays great attention to agricultural insurance issues. The profile Committee of the Federation Council held a series of training seminars-meetings in all eight federal districts.

“Agrarians are showing great interest in insurance, and more and more often they consider it as a tool to increase the financial stability of their enterprises,” the senator emphasized.