The paper justified essence of genetic engineering as the object of insurance services. Defines the concept of risk gene transferring. The character features of this specific risk. The influence and consequences for agricultural producers. The description of the possible creation of the concept of insurance services that cover risk of gene transferring.

The study reveals of the use of GMOs in agriculture, due to issues of economic security of a particular region or country as a whole.

To determined the impact of risks and control for developing and developed countries that are important aspects of farming. Changes in weather, climate, productivity, price values, public policy, the situation on global markets can cause large fluctuations in agricultural production, and consequently affecting the income of agricultural producers. Risk management includes a range of strategies that reduce the social and financial implications of possible changes affecting the production and income of farmers.

There is a need for an in-depth study of the theoretical and practical aspects of the impact of the risk of gene transferring in the context of insurance protection.

Keywords: genetic engineering, agricultural entrepreneurship, risk of gene transferring, transgenic crops, the insurance protection.

Date of submission 21.02.2016

DOI: http://dx.doi.org/10.17721/1728-2667.2016/180-3/2

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