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Risk management in agriculture

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Author Info
Bharat Ramaswami () (Indian Statistical Institute, New Delhi)
Shamika Ravi (New York University)
S.D. Chopra (Ministry of Agriculture, Govt of India)

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Abstract

This monograph was written to be part of the series of studies commissioned by the Ministry of Agriculture under the rubric of "State of Indian Farmer - A Millennium Study". On the basis of existing literature, this study documents the status of our knowledge on risks of agriculture and their management. Chapter 2 discusses the evidence on the nature, type and magnitude of agricultural risks. Chapter 3 discusses farmer strategies to combat risk. In addition to the mechanisms at the level of the farm household, the need to cope with risk can also affect community interactions and social customs. This is examined in Chapter 4. In chapter 5, we consider how production risks have been transformed by developments in the agricultural economy in the post-independence period. In chapter 6, we review the principal developments that have impacted on market risks.

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Paper provided by Indian Statistical Institute, New Delhi, India in its series Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers with number 03-08.

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Length: 140 pages
Date of creation: Jun 2003
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Handle: RePEc:ind:isipdp:03-08

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  5. Kochar, Anjini, 1995. "Explaining Household Vulnerability to Idiosyncratic Income Shocks," American Economic Review, American Economic Association, vol. 85(2), pages 159-64, May. [Downloadable!] (restricted)
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  7. Ramaswami, Bharat, 2000. "Forecasting Errors in the Absence of a Futures Market: The Seasonal Allocation of Wheat Supplies in India," Review of Development Economics, Blackwell Publishing, vol. 4(2), pages 184-93, June. [Downloadable!] (restricted)
  8. Bell, Clive, 1990. "Interactions between Institutional and Informal Credit Agencies in Rural India," World Bank Economic Review, Oxford University Press, vol. 4(3), pages 297-327, September.
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