STUDY ON VARIOUS RISK FACTORS AND ITS MANAGEMENT STRATEGIES ADOPTED BY FARM HOUSEHOLDS IN TAMIL NADU

S. ACHUDHAN¹*, M. CHINNADURAI², M. ANJUGAM^3
1Department of Agricultural Economics, Tamil Nadu Agricultural University, Coimbatore, 641003, Tamil Nadu, India
²Department of Agricultural Economics, Tamil Nadu Agricultural University, Coimbatore, 641003, Tamil Nadu, India
³Department of Agricultural Economics, Tamil Nadu Agricultural University, Coimbatore, 641003, Tamil Nadu, India
* Corresponding Author : achudhanageco@gmail.com

Received : 04-05-2019     Accepted : 26-05-2019     Published : 30-05-2019
Volume : 11     Issue : 10       Pages : 8510 - 8513
Int J Agr Sci 11.10 (2019):8510-8513

Keywords : Farm risk sources, Coping mechanisms, Income management, Tamil Nadu
Conflict of Interest : None declared
Acknowledgements/Funding : Authors are thankful to Tamil Nadu AgriculturalUniversity, Coimbatore, 641003, Tamil Nadu, India
Author Contribution : All authors equally contributed

Risk is seen as an important and ever present factor influencing the optimizing behavior of farm adjusting to disequilibria in agriculture. Farming in India is with risk and uncertainty. At micro level, risk in agriculture affects farmer's decision and often results in technical and allocative in efficient level of resource use. The main sources of risk and uncertainly prevailing in crop production are yield, price and gross income instability. The present study was undertaken in Krishnagiri and Ramanathapuram districts of Tamil Nadu to analyse the various risk factors in agriculture and its management strategies adopted by the farmers. The Primary data from 180 sample farmers were collected through personal interview method. It is found that majority of the crop damage in Krishnagiri and Ramanathapuram districts was mainly due to insufficient rainfall/ drought & drought like situation. Nearly 50 percent of the sources of market risk were due to Fluctuations in the prices of inputs and outputs in the market. Majority of the farmers in Ramanathapuram district adopt livestock management strategy as one of the risk management practices which include change in number and feed management. Most of the households from Krishnagiri district borrowed from their friends and relatives to manage the expenditure against risk.

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