Russian farmers received 5 billion rubles in insurance payments in 2023

As reported by the National Union of Agricultural Insurers (NUA), more than half of the payments made (2.6 billion rubles) account for compensation for losses in crop production. Another 2.4 billion rubles in payments were received by livestock farmers who lost their livestock.

For comparison, the NIA explained, in 2022, insurance payments under agricultural insurance contracts of all categories amounted to 3.8 billion rubles, of which 2.8 billion rubles were transferred for the loss of crops and about 1 billion rubles for the loss of livestock and farmed fish. 

As noted in the NSA, a feature of 2023 was a sharp increase in losses paid by agricultural insurers in livestock farming - the volume of payments increased by 2.6 times compared to 2022. In particular, the losses of large livestock enterprises were compensated: compensation in the amount of 916 million rubles for the number of pigs that died from ASF , transferred by the RSHB-Insurance company to one farm in the Voronezh region, became a record in Russian agricultural insurance. 

At the same time, the loss of livestock occurred not only due to diseases - for example, the largest paid loss in livestock farming not associated with dangerous diseases was the compensation of 218 million rubles to a poultry farm in the Belgorod region, which lost livestock due to a power failure (the payment was made by Insurance Company " RSHB-Insurance").

As for the crop production industry, payments here are delayed due to the characteristics of growing and harvesting crops and the subsequent assessment of losses. In 2023, farmers received payments for the relatively favorable year for crop production in 2022, so they did not grow so significantly. The amount of payments for 2023 is still being calculated, the NSA explained.