Full text of the paper:
Collected Papers of the Faculty of Law, University of Novi Sad
2018, vol. LII, No. 1, pp. 181-197
Language of the paper: Serbian
Original scientific paper
udk: 368:632.165
doi: 10.5937/zrpfns52-16542
Authors:
Janko Veselinović, vanredni profesor
University of Novi Sad
Faculty of Agriculture Novi Sad
veselinovic.janko@gmail.com
Todor Marković, vanredni profesor
University of Novi Sad
Faculty of Agriculture Novi Sad
todor.markovic@polj.edu.rs
Željko Kokot, student doktorskih studija
University of Novi Sad
Faculty of Agriculture Novi Sad
zeljko.kokot5@gmail.com
Abstract:
Whole-farm revenue insurance represents new risk management instrument in agriculture. Whole-farm revenue insurance is a typical example of the principle of universal insurance. The goal of whole-farm revenue insurance is to unify all the risks of single farm that can be insured under a single policy. In this way, a revenue loss is covered in the case of most cultivated crops on a farm, livestock and unprocessed animal products, such as milk and wool. This type of insurance protects from low revenue due to losses in production, which are the result of a fall in product quality and market price. The aim is to provide protection against small revenue due to production losses that can be attributed to the inevitable natural disasters and market fluctuations that affect the farm revenue in the insured year. The paper deals with the legal and economic aspects of this type of insurance.
Keywords:
insurance, whole farm, revenue, crops, fruits.