Essay --

IntroductionAs seen above, a gigantic number of people live below p everywherety line and over one-half of these people depend on agriculture. These rural households may not be directly involved in the farming(a) labor barely their income sources are linked with the success of the agricultural production. They may be open to the financial stakes following natural disasters or climate change, which affect the products of agriculture.1. market-gardening in India and Major Risks 1.1. A review of Agriculture in IndiaThis divide covers the significant government policies that aimed at the promotion of agricultural development. There were some(prenominal) principle changes that have been introduced since the Independence of India.At the time of Independence, the agricultural arena consisted of a stagnant backward economy with low resource availability, curt government support and most importantly, severe poverty. Daniel Thorner, a well-known economist remarked India was left with perhaps the worlds most refractory conundrum (ANTHONY P. DCOSTA). Land reforms were introduced as an immediate measure to deal with the skewed statistical distribution of land and the reforms led to the abolition of intermediaries and giving land titles to farmers. Along with these reforms, the association Development Programme was set up in 1952 (NAYAR, 1960). This programme aimed at the development of the rural people by the co-ordination of the activities related to agriculture, animal kitchen-gardening and irrigation, which was executed and evaluated by officials at district level to village level. field of study Extension Service was as well as introduced along with the Community Development Programme, which also aimed at the initiation of rural development activities under the sponsorship of the ... ... their chances of default both by borrowing money from lenders at atrocious interest pass judgment or by selling their assets alongside poor investment in future season s. Therefore, yield risk is one of the most important agricultural risks. Rainfall is a major yield risk factor particularly in the Indian economy, as it is heavily dependent on monsoon. A recent study has shown that there is a positive correlation amongst rainfall and the crop yields in rural India (Kirtti Ranjan Paltasingh, 2012). Hence, the risk is more overriding in certain regions such as arid regions when compared to high rain-fed regions. gamy temperature also affects plant growth and decreases the yield significantly. 1.2.2 Market/Price riskAgriculture is subjected to many uncertainties and this even includes the price of the agricultural products. The input and widening prices are volatile in nature.