Open AccessInnovative mechanisms of agricultural insurance in post-pandemic realities
Author(s) -
Mano Mgeryan,
L. I. Khoruzhy,
V. I. Khoruzhy,
Maria Vasilieva,
V M Romadikova,
Elina Salambekovna Ibragimova
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/848/1/012186
Subject(s) - agriculture , business , production (economics) , government (linguistics) , agricultural productivity , pandemic , consumption (sociology) , business interruption insurance , agricultural economics , covid-19 , economics , insurance policy , finance , income protection insurance , general insurance , geography , social science , philosophy , macroeconomics , linguistics , archaeology , pathology , sociology , medicine , disease , infectious disease (medical specialty)
Agriculture is a continuous process of agricultural production and processing of agricultural land. Accordingly, this type of activity cannot be in a mode of self-isolation. In spite of this, the Pandemic has affected both the economic activity and the financial results. This affected high-value goods, as well as value-added goods. Meat production is a case in point; demand for expensive meats will drop significantly. The result could be an increase in consumption of poultry, as it is a cheap alternative to meat. Restrictive measures taken by the government in connection with the growth of Covid-19 have affected the demand of citizens for insurance services. Many producers of agricultural services have given serious thought to the need to review their insurance policies. This article examines and analyzes the financial mechanisms of agricultural insurance under post-pandemic realities. It is the insurance mechanism that will allow agricultural producers to develop confidently and have a guarantee of minimizing financial losses in case of unforeseen situations.