DEVELOPMENT OF THE AGRICULTURAL INSURANCE SYSTEM AND PRACTICAL CHALLENGES IN AGRICULTURE

Agriculture is one of the most risk-prone sectors of the economy due to its high dependence on natural, climatic, biological, and market factors. Agricultural insurance serves as an important financial mechanism for protecting farmers against unexpected losses and ensuring the stability of agricultural production. This study examines the development of the agricultural insurance system and analyzes the practical challenges associated with its implementation, with particular emphasis on Uzbekistan. Using statistical, comparative, and analytical methods, the research evaluates the current state of agricultural insurance coverage, identifies structural problems, and explores international best practices. The findings show that although agricultural insurance contributes to income stabilization and rural development, limited awareness, high premiums, and insufficient state support hinder its expansion. The paper provides recommendations aimed at improving risk-sharing mechanisms, increasing accessibility, and enhancing the efficiency of agricultural insurance.