Argument (#07-08 July-August 2017)

Transparent Insurance in Agribusiness — Road to a Civilized Land Market

by Alexey Khomyakov

While the Ukrainian Parliament continues heated debates over the open market for agricultural land, one thing remains clear — the lifting of the moratorium on sale of agricultural land is an inevitable process, which is largely driven by globalization and the expansion of influence of major world corporate groups in Ukraine. However, for the land market and agribusiness to become transparent and efficient, the relevant risk management systems have to be implemented. Agricultural insurance is one of the possible options to hedge pertinent agricultural risks along with the development of transparent financing instruments in agriculture, thereby fostering growth and development of the Ukrainian land market.

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