Area
Russian Federation
Commodity Group
Grains
Commodity
All
Date
01/07/2011
Policy Category
Production
Policy Instrument
Financial instrument for risk management
Description
Federal 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.
