tions and for residual ex-post compensation measures. Excluding the exceptional interventions related to the COVID-19 and the Ukraine crises, between 2020 and 2024, the average spending for state aid sup- SRF.02 - Mutual funds for production risks The main ARM intervention in Italy is insurance. Over the past 20 years, values of insured produc- tion in current monetary terms have been on a growing trend, reaching approximately EUR 10 bil- lion. However, a slight reduction has been recorded in 2024 and is also expected in 2025 (data not avail- able yet), indicating potential issues in farmers uptake. The largest share of insured production is for crops (72 percent), with lower shares for livestock and farm structures (14 percent each). The series of insured lar in 2014, which was difficult to process and created challenges in adapting ARM processes to the rules