Via journal online., Agriculture is inherently a risky enterprise because of its dependence on rainfall. To mitigate
risks, farmers diversify crops and enterprises, maintain stabilization account or resort to the sale of assets. Crop insurance is a complementary institutional mechanism that aids farmers to cope with risks better.Considering the importance of crop insurance in risk mitigation, this paper using data from a large-scale farmers’ survey we identify the factors that influence farmers’ decision to buy crop insurance and subsequently assess its impact on farm income, production expenses and productive investments in agriculture. Farmers’ adoption of crop insurance is low— 4.80% kharif season and 3.17% in the rabi season mainly on account of lack of awareness about insurance products. Nevertheless, the probability of adoption of insurance is higher for those who experience higher crop loss and have some formal training in agriculture. The subsidy on premium also positively influences crop insurance uptake decisions. On the other hand, the factors like the lower social status, tenant farming and exposure to deficit-rainfall in the previous year are negatively associated with the decision to insure. The results on the impact of insurance are not conclusive to prove that insured farmer subsumes higher risks compared to the uninsured.
Kumar, Abhay (author) and Singh, Krishna M. (author)
Format:
Book chapter
Publication Date:
2012
Published:
India
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 128 Document Number: D11248
Notes:
Online via Social Sciences Research Network. 6 pages. Pages 83-88 in Krishna M. Singh and M.S. Meena, "ICT for agricultural development under changing climate, Narendra Publishing House, New Delhi., Authors examined main reasons for relatively slow application of information and communication technologies in the rural development sector of India. Among the cited reasons: poor ICT infrastructure in rural areas, poor ICT awareness among agency officials working in rural areas and local language issues. They offered ways to strengthen use of ICT tools for addressing climate change at local levels.
Authors identify urgent need to address the concerns of rural consumers and involve the available constitutional mechanism of Panchayati Raj institutions.
Online via Social Sciences Research Network. 1 page., Author's analysis of obstacles for women entrepreneurship. Among those cited: "traditional mindset of the society," "negligence of the state and respective authorities," "absence of definite agenda of life, absence of balance between family and career obligations of women, poor degree of financial freedom for women," "lack of professional education," and others. Cited "need of continuous attempt to inspire, encourage, motivate and co-operate women entrepreneurs..."
