Study on risk management in EU agriculture : case study 5 : critical issues for the implementation of a mutual fund compensating for production loss - Article 38

The case study analyses the development of Mutual Funds (MFs) designed under Article 38 of Regulation (EU) No. 1305/2013. Three Member States planned expenditures in their Rural & Development programmes 2014-2020 on such MFs for compensating production losses due to climatic, sanitary and environmental events, namely Romania, Italy and France. At the end of 2016, Romania and Italy failed to implement such MFs. France is supporting a national MF, called Fonds national agricole de Mutualisation Sanitaire et Environnemental (FMSE), created under the former Regulation (EC) no 73/2009. The case study objective is to answer to two main questions: - What are the difficulties encountered in the development of a mutual fund under Article 38 in Italy and in Romania? - What can be learnt from the FMSE development?