THE IMPORTANCE OF INSURANCE IN AGRICULTURE

Climate change is one of the biggest challenges facing modern agriculture, causing more frequent and severe weather events that directly threaten crop yields and overall production stability. In addition to these climate risks, farmers are facing with volatile markets, fluctuating prices, and other economic uncertainties, which together increase the financial vulnerability of agricultural production. This paper argues that the integration of agricultural insurance with modern technologies has the potential to significantly improve the resilience and stability of the farming sector, particularly for small and medium-sized producers. The research examines various agricultural insurance models, the barriers farmers facing in accessing them, and the role of digital tools in improvement the eficiency and effectiveness of insurance systems. It also highlights key issues such as high insurance premiums, limited farmer education and awareness, and complex administrative procedures. By analyzing successful international examples, the paper proposes solutions suitable for implementation in Serbia. The study concludes that combining technological innovations with well-designed insurance mechanisms can reduce risks, improve accessibility, and support sustainable agricultural development.

KEYWORDS / КЉУЧНЕ РЕЧИ: 

Climate change, agricultural insurance, modern technologies, risk management. sustainability

ACKNOWLEDGEMENT / ПРОЈЕКАТ:

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