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Processes of Diversification: A Case Study of District Kangra

CSK Himachal Pradesh Agricultural University Repository

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Relation http://hillagricrepository.co.in/322/
 
Title Processes of Diversification: A Case Study of District Kangra
 
Creator Mahajan, Girish
 
Subject 658.5038 Product Planning
 
Description In agrarian economies where credit and insurance_markets are not fully developed, diversification of crop enterprises and sources of off-farm income and employment are the most important strategies adopted by the rural households to combat the crop risk and stabilize their income and consumption. Farm households that are risk averse will diversify their sectoral income to reduce overall risk. Diversification means selecting a good number of enterprises in order to bear/ overcome the risk or to achieve regular income (reduce the income variability). The mix of enterprises in the farm plan with the sole objective of maximizing profits without giving any consideration to reduce the income variability for safeguarding the risk and uncertain situation might itself involve some diversification. But, diversification can be further extended to reduce the income variability and this part of diversification carries the cost component in terms of reduction in the average income of the farmer which is weighed against the marginal (or additional) satisfaction (return) of being safe (or having relatively more income).
 
Date 1998
 
Type Thesis
NonPeerReviewed
 
Format text
 
Language en
 
Identifier http://hillagricrepository.co.in/322/1/19897.pdf
Mahajan, Girish (1998) Processes of Diversification: A Case Study of District Kangra. PhD thesis thesis, CSKHPKV Palampur.