RESEARCH ON THE EFFECTS OF SUBMEASURE 17.1 "CROP, ANIMAL AND PLANT INSURANCE PREMIUMS" ON AGRICULTURAL FARMING

Abstract

The study aims to create an overview of access to non-reimbursable funds offered by the European Union through the National Rural Development Program through submeasure 17.1 In this way, an analysis was made of the current situation of the compensation of crop, animal and plant insurance premiums on Romanian farmers through these funds. This analysis showed that Romanian farmers became increasingly interested in crop insurance premiums from the National Rural Development Program (PNDR) 2014-2020, amid the drought. According to market data, approximately 15% of agricultural crops are insured in Romania, given that insurance companies are generally limited to problem areas. For this period, a total of 16,536 funding applications were submitted, of which 14,379 applications were eligible for funding, 1,536 funding applications were ineligible for funding, and 441 funding applications were withdrawn. In the case of eligible applications, the total amount of funding applications was 196,160,907 lei, and the non-refundable support was 133,525,367.5 lei, in the case of ineligible applications, the total amount of funding applications was 22,953,885.82 lei , and the non-refundable support would have been 12,489,088.03. in the case of ineligible applications, the total amount of funding applications was 2,220,356.30 lei, and the non-reimbursable support would have been 1,222,778.09 lei.