Review article

Insurance as an instrument for risk management in agricultural production in the Republic of Croatia

Maja Petrač orcid.org/0000-0001-7146-8194 ; Fakultet agrobiotehničkih znanosti Osijek, Sveučilište Josipa Jurja Strossmayera u Osijeku, V. Preloga 1, 31000 Osijek, Hrvatska
Krunoslav Zmaić ; Fakultet agrobiotehničkih znanosti Osijek, Sveučilište Josipa Jurja Strossmayera u Osijeku, V. Preloga 1, 31000 Osijek, Hrvatska
Tihana Sudrić ; Fakultet agrobiotehničkih znanosti Osijek, Sveučilište Josipa Jurja Strossmayera u Osijeku, V. Preloga 1, 31000 Osijek, Hrvatska
David Kranjac orcid.org/0000-0002-9630-859X ; Fakultet agrobiotehničkih znanosti Osijek, Sveučilište Josipa Jurja Strossmayera u Osijeku, V. Preloga 1, 31000 Osijek, Hrvatska
Lucija Bencarić ; Fakultet agrobiotehničkih znanosti Osijek, Sveučilište Josipa Jurja Strossmayera u Osijeku, V. Preloga 1, 31000 Osijek, Hrvatska

Abstract

The aim of the paper is to determine the success of the introduction of sub-measure 17.1 “Insurance of crops, animals and plants” from the Rural Development Program of the Republic of Croatia. The paper analyzes the users of the mentioned sub-measure, compares the state of Croatia with other EU countries, and describes risk management instruments in the EU. According to the data of the Ministry of Agriculture from October 2016 to January 2020, 30,159 applications were received, and the total amount of support was EUR 56 million. The research found that the introduction of insurance premium subsidies led to an increase in the number of agricultural insurances and gross premiums charged, but there are still plenty of risk management measures and strategies in the EU that Croatia does not use.

Keywords

insurance in agriculture, risk management in agricultural production, rural development measure 17.1, subsidized premium

Hrčak ID:

295634

URI

https://hrcak.srce.hr/295634

Publication date:

13.1.2023.

Article data in other languages: croatian

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