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Risks, Farmers’ Suicides and Agrarian Crisis in India: Is There a Way Out?

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  • Mishra, Srijit

Abstract

Poor returns to cultivation and absence of non-farm opportunities are indicative of the larger socio-economic malaise in rural India. This is accentuated by the multiple risks that the farmer faces - yield, price, input, technology and credit among others. The increasing incidence of farmers' suicides is symptomatic of a larger crisis, which is much more widespread. Risk mitigation strategies should go beyond credit. Long term strategies requires more stable income from agriculture, and more importantly, from non-farm sources. Private credit and input markets need to be regulated. A challenge for the technological and financial gurus is to provide innovative products that reduce costs while increasing returns. The institutional vacuum of organising farmers needs to be addressed through a federation of self-help groups (SHGs) or alternative structures.
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Suggested Citation

  • Mishra, Srijit, 2008. "Risks, Farmers’ Suicides and Agrarian Crisis in India: Is There a Way Out?," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 0(Number 1), pages 1-17.
  • Handle: RePEc:ags:inijae:204559
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    References listed on IDEAS

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    1. V.M. Rao, 2007. "Sustainability of Indian Agriculture: Towards an Assessment," Working Papers id:1163, eSocialSciences.
    2. Rosenzweig, Mark R & Wolpin, Kenneth I, 1993. "Credit Market Constraints, Consumption Smoothing, and the Accumulation of Durable Production Assets in Low-Income Countries: Investment in Bullocks in India," Journal of Political Economy, University of Chicago Press, vol. 101(2), pages 223-244, April.
    3. Srijit Mishra, 2007. "Agrarian Scenario in Post-reform India - A Story of Distress, Despair and Death," Development Economics Working Papers 22338, East Asian Bureau of Economic Research.
    4. Singh, J.P., 2006. "Changing Agrarian Relationships in Rural India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 0(Number 1), pages 1-29.
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    Cited by:

    1. Arora, Saurabh & Romijn, Henny, 2009. "Innovation for the base of the pyramid: Critical perspectives from development studies on heterogeneity and participation," MERIT Working Papers 036, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. repec:spr:decisn:v:45:y:2018:i:2:d:10.1007_s40622-018-0177-9 is not listed on IDEAS
    3. Serra, Teresa & Poli, Elena, 2015. "Shadow prices of social capital in rural India, a nonparametric approach," European Journal of Operational Research, Elsevier, vol. 240(3), pages 892-903.
    4. Dalwai, Ashok, 2012. "Dynamics of Agricultural Growth in India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 0(Number 1), pages 1-19.
    5. Gaurav, Sarthak, 2015. "Are Rainfed Agricultural Households Insured? Evidence from Five Villages in Vidarbha, India," World Development, Elsevier, vol. 66(C), pages 719-736.
    6. Sunil Mitra Kumar, 2016. "Why does caste still influence access to agricultural credit?," WIDER Working Paper Series 086, World Institute for Development Economic Research (UNU-WIDER).
    7. Raman, Rakesh & Kumari, Reena, 2012. "Regional Disparity In Agricultural Development: A District-Level Analysis For Uttar Pradesh," Journal of Regional Development and Planning, Rajarshi Majumder, vol. 1(2), pages 71-90.
    8. Kakarlapudi, Kiran Kumar, 2012. "Agricultural Growth Deceleration In India: An Enquiry Into Possible Explanations," Journal of Regional Development and Planning, Rajarshi Majumder, vol. 1(1), pages 25-40.
    9. Kakarlapudi, Kiran Kumar, 2010. "Agricultural Growth Deceleration in India: A Review of Explanations," MPRA Paper 35865, University Library of Munich, Germany, revised 10 Jan 2012.

    More about this item

    Keywords

    Farm Management; Risk and Uncertainty;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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