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Uncertainty, risk and risk mitigation: Field experiences from farm sector in Karnataka

Author

Listed:
  • Rajeev, Meenakshi
  • Vani, B.P.

    (Institute for Social and Economic Change)

Abstract

The paper “uncertainty, risk and risk mitigation: field experiences from farm sector in Karnataka” (No. 320) by Meenakshi Rajeev and B P Vani examines the risks related to production, input and price drawing from a field survey conducted in Mandya, Chamarajanagar, and Haveri districts of Karnataka and the Situation Assessment Survey of farmers as part of the 59th round of NSSO. The paper highlights that the farmers of Karnataka in its entire agricultural regions face all the three major risks and this is a scenario that holds for the country as well. Availability of irrigation facilities however is a critical element that determines the outcome of a weather related crisis; however providence of this facility is rather poor in the state in spite of it being a dry region. Though risks are all pervasive mitigation strategies are rather weak for the agrarian community across the nation. Furthermore, risk mitigation strategies in terms of crop insurance are highly under developed across the country in general and also in the state.

Suggested Citation

  • Rajeev, Meenakshi & Vani, B.P., 2014. "Uncertainty, risk and risk mitigation: Field experiences from farm sector in Karnataka," Working Papers 320, Institute for Social and Economic Change, Bangalore.
  • Handle: RePEc:sch:wpaper:320
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    File URL: http://www.isec.ac.in/WP%20320%20-%20Meenakshi%20Rajeev%20and%20B%20P%20Vani.pdf
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    References listed on IDEAS

    as
    1. Priya Basu, 2006. "Improving Access to Finance for India's Rural Poor," World Bank Publications, The World Bank, number 6927.
    2. Basu, Kaushik, 1983. "The Emergence of Isolation and Interlinkage in Rural Markets," Oxford Economic Papers, Oxford University Press, vol. 35(2), pages 262-280, July.
    3. Manojit Bhattacharjee & Meenakshi Rajeev, 2010. "Interest rate formation in informal credit markets in India: does level of development matter?," Global Development Institute Working Paper Series 12610, GDI, The University of Manchester.
    4. Raghuram G. Rajan, 2008. "Draft Report of the Committee on financial Sector Reforms," Working Papers id:1463, eSocialSciences.
    5. Bhaduri, Amit, 1977. "On the Formation of Usurious Interest Rates in Backward Agriculture," Cambridge Journal of Economics, Oxford University Press, vol. 1(4), pages 341-352, December.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Farm sector-Karnataka;

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