Risk assessment strategies in Indian agriculture — A disaggregate analysis

Raju, S S and Jeeva, Charles J (2023) Risk assessment strategies in Indian agriculture — A disaggregate analysis. In: Training Manual on Advanced Analytical Tools for Social Science Research Vol.2. CMFRI Training Manual Series No. 29/2023 . ICAR- Central Marine Fisheries Research Institute, Kochi, pp. 3-20.

Text Winter School on Social Science Research_2023_Risk assessment strategies in Indian Agriculture_S S Raju_2023.pdf Restricted to Registered users only Download (761kB)

Abstract

Despite progress in irrigation and technology, agriculture production and income are subject to large year-to-year fluctuations, playing havoc with farmers to invest in farming. These fluctuations also undermine the viability of the agriculture sector and its potential to contribute to economic growth as well as food and nutritional security. Most of the studies on Indian agriculture have looked at the instability in agricultural production at the aggregate level and have focused only on production (Hazell, 1982; Dev, 1987; Sharma et al., 2006). These studies suffer from two major limitations. One, they conceal the instability at a disaggregate level when different parts forming the aggregate follow different distributions. Two, the analysis of instability is restricted only to production and none of the studies have extended it to farm income; it is not seen whether fluctuations in price aggravate instability in production or reduce it, to mitigate the impact on farm income. Strategies to develop more appropriate risk management mechanisms require a better understanding of the nature and magnitude of risk at disaggregate levels, and by including prices. This paper proposes to fill this gap.

Actions (login required)

View Item