AreaRussian Federation

Commodity GroupGrains

CommodityAll

Date01/07/2011

Policy CategoryProduction

Policy InstrumentFinancial instrument for risk management

DescriptionFederal Law on the State Support of Agricultural Insurance approved, increasing guarantees of compensation payments for farmers against nature-caused risk, including losses of agricultural crops, orchards and livestock. The law reduces farmers’ payment to 50 percent of insurance premium, while the other 50 percent is paid to the insurance company by the government.