is suggested the author’s approach to defining the essence of the risk management system of agricultural producers and explanation of this system’s structure. A visual representation of the risk management system of agricultural producers, which reflects its main components, is showed. It is found out that insurance of agricultural producerscan be an effective and promising tool in the risk management system. The current state of insurance as a component of the risk management system of agricultural producers in Ukraine is researched and problems in this area are identified.The ways of solving the problems, restraining the use of insurance in the risk managementsystem of agricultural producers in Ukraine, are offered.
Keywords:riskmanagement system, insurance, agriculturalrisks, cropinsurance, agricultural producers.