Agricultural Insurance Protection and Food Security in the Face of Global Climate Change

Abstract

Global climate change threatens world food security. This research raises the issues of priority agricultural development, increasing agricultural production, and expanding the insurance coverage of the industry. The authors propose to implement insurance activities further to prevent the effects of climate change and economic support in the emphasizеd advancеment of food production in agriculture. The research relies on direct comparative analysis, statistical and economic analysis, and monographic observational data. To conduct deep research, the authors apply analysis and synthesis. The authors also use the questionnaire methods across the country and organization, monographic research, and other methods. Furthermore, the authors used international normative documents, research of scientists in scientific periodicals, and data from official websites. The authors conclude that to protect agricultural insurance and ensure the continuous development of agriculture, it is advisable to transition from administrative methods to the following recommendations for insurance against various financial and natural losses that may arise in agriculture due to the vagaries of nature. It is also recommended to introduce a mechanism of state subsidies to compensate for the costs and improve the efficiency of insurance agents in the insurance activities of agricultural enterprises.

Citation

Burkhanov, A.U., Yadgarov, A.A., Saidova, M.E. and Tugizova, M.S. (2024), "Agricultural Insurance Protection and Food Security in the Face of Global Climate Change", Eshov, M.P., Abdurakhmanova, G.K., Burkhanov, A.U., Abdusalomova, N.B. and Ergasheva, S.T. (Ed.) Development of International Entrepreneurship Based on Corporate Accounting and Reporting According to IFRS (Advanced Series in Management, Vol. 33B), Emerald Publishing Limited, Leeds, pp. 75-79. https://doi.org/10.1108/S1877-63612024000033B010