CROP PRODUCTION SUBSIDIZED RISKS INSURANCE FOR ENHANCING AGRICULTURAL RESILIENCE AND CLIMATE CHANGE MITIGATION IN MOLDOVA

The agricultural sector in Moldova is highly exposed to natural factors and hazards, resulting in uncertain incomes and high production volatility. Crop insurance plans against different risks plays a crucial role in supporting farmers' yield and revenues. The aim of this paper is to assess the development of subsidizing production risk insurance policy as a method to enhance agricultural resilience and alleviate the effects of climate change in Moldova. The analyzed data is based on the analysis of regulatory documents for policies regarding subsidizing productions risks insurance. For data analysis, secondary data provided by the National Bureau of Statistics (NBS), and Agency of Interventions and Payments in Agriculture (AIPA) was used. The data refer to the amount of subsidies applications for risks insurance, insured areas cultivated with different crops and its harvests, main risks insured by farmers, distribution of subsidies for risks insurance by development regions and the insurance companies. The subsidization of crop production risk insurance in Moldova has played a vital role in bolstering agricultural resilience and minimizing the adverse effects of climate change. By offering assistance to farmers and promoting the implementation of risk management practices, the government's objective is to stabilize income levels and promote sustainable growth in the agricultural sector. Nevertheless, it is crucial to continuously monitor and evaluate these policies to ensure their efficacy and fair distribution of subsidies across various regions and insurance providers.