Scientific Journal of KubSAU

The article deals with the possibility of expanding of agricultural tools in risk management based on commodity financial instruments and weather derivatives. On the basis of summarizing the research results of domestic and foreign scholars and creative interpretation of the results the authors supplemented and refined definition of the category of "risk" and "risk of agricultural production” is obtained. The article supplements classification of risk in agricultural production and circulation of agricultural products, considers a proven techniques and methods of agricultural risk management, discusses the current trends of the global and domestic market of derivatives, gives a market segmentation by type of derivative instruments and the characteristics of the underlying assets, analyzes the reasons for the low level of development of derivatives markets at the meso level using the example of the Krasnodar Region, describes the potential derivatives in addressing management of agricultural risks on the basis of foreign sources, gives an insufficient level of financial literacy of potential participants, the lack of regulations and regulatory infrastructures, describe the problem of accounting and reporting of the results of operations in this segment, insufficient training of market operators and reveals the possibility of expanding the agricultural tools of risk management