Aspects on insurances and determination of damages in agriculture

Abstract

Risk and uncertainty are two aspects specific to agricultural activities, the influence of natural factors can cause significant damage to producers. Determining and analisys of risk in agriculture is a problem for all agricultural producers. Insurance is a system of economic relations involving a large number of individuals and legal entities in the creation of a fund, as they are all threatened by the same dangers. The purpose of the paper is to evaluate and analyze the risk related to agricultural activities, which are under the influence of natural factors whose uncertain evolution can cause significant damage to agricultural producers. The objective of the paper is to determine by economically and estimative point of view damages by quantifying the damage and determining the amount of compensation against the level of the damage. The paper analyzes, punctually, methodologically the degree of damage of wheat cultivated with wheat in Trade Company "ROXDAL AGRO" LLC. Based on the calculation made for determining the degree of damage of the surface cultivated with wheat at Trade Company ROXDAL AGRO LLC, based on the inclination of 300 , the inclination of 450 and the inclination of 600 , resulted the following degrees of damage: 11.38%, 13.99% and 19.88%. Total damage, calculated on a weighted average basis, is 15.83% on an area of 50 ha. The degree of damage to crops in the field, given by the ratio of the number of plants destroyed and the number of plants found to exist before the occurrence of the phenomenon, was 23.45% for fruit and flowers and 4.59% for stems and leaves. The final degree of damage is 28.04%. If the culture is totally calamitous, the damage rate would be 50%, taking into account the time from planting to the recording of the calamity phenomenon = 120 days and the output of the crop, related to the time spent by at planting, 50