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Risk in rainfed maize production in Karnataka - An econometric analysis

KrishiKosh

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Title Risk in rainfed maize production in Karnataka - An econometric analysis
 
Creator A. S, Shashi Kiran
 
Contributor K. B, Umesh
 
Subject maize, insurance, crops, productivity, area, crop insurance, marketing, economics, biological development, sampling
 
Description Agricultural is subject to a wide range of risks due to the variable economic and
biophysical environment in which farming operates. Agriculture risks arise due to
uncertainty over factors determining returns to agricultural production. An attempt was
made in this study to identify different sources of risk in rainfed maize production in
Karnataka. Maize was grown in 1.24 million hectare Karnataka (2009-10). Significant
growth was observed in area (8.34 %) and production (7.45 %) of rainfed maize in
Karnataka (1991-92 to 2008-09). In this study, risk in maize was assessed by variability
in area, production productivity, inputs used and price of maize over the years and also
through farmers’ opinion on production and price risks in maize. Efforts were made to
estimate farmers’ willingness to pay (WTP) more for new drought resistance variety of
maize which can yield more than present varieties. An attempt was also made to estimate
farmers’ WTP additional premium for crop insurance. Both secondary and primary data
was used in the study. Primary data comprised a sample of 300 farmers (150 each from
Shimoga and Haveri districts). Exponential growth model, Coefficient of variation,
Instability index, Double Bounded Dichotomous Choice (DBDC) method of Contingent
Valuation (CV), Logit and Tobit models were used to address the above issues. Human
and bullock labour and FYM use were found to decrease significantly, whereas use of
chemical fertilizer and cost on seed increased significantly. Drought and labour scarcity
were the major production risks faced by rainfed maize farmers. Price risk was more in
Haveri compared to Shimoga. Varietal selection and crop insurance were the major risk
coping strategies followed by farmers. The mean additional WTP for crop insurance
premium and new variety of maize was 0.34 per cent and Rs. 242.10 per 5kg packet,
respectively. Probability of WTP for the same was respectively 0.53 and 0.58.
 
Date 2016-05-23T09:19:40Z
2016-05-23T09:19:40Z
2013-10-01
 
Type Thesis
 
Identifier Th-10668
http://krishikosh.egranth.ac.in/handle/1/66196
 
Language en
 
Format application/pdf
 
Publisher University of Agricultural Sciences, Bengaluru