Agriculture production and farm incomes in India are frequently affected by weather and climatic aberrations like droughts, floods, cyclone, frost, storms, land slides, etc. Outbreak of epidemics, fire, and market fluctuations are the other factors which seriously affect production and farm income. All these events are beyond the control of the farmers. With the growing commercialisation of agriculture, the magnitude of shock due to unfavourable eventualities is increasing and the need to protect farmers against production and income losses is becoming stronger. Agricultural insurance is considered an important mechanism to effectively address the risk to output and income resulting from various natural and manmade events. Despite various schemes launched from time to time, agricultural insurance in India has not made much headway even though the need to protect country's farmers from agricultural variability has been a continuing concern of agriculture policy. This book examines the genesis of agricultural insurance in India and discusses various agricultural insurance schemes launched in the country from time to time and the coverage provided by them.
The book also looks into the role of government in implementing various agricultural insurance schemes and suggest effective agriculture insurance programme for India.
S. S. Raju is a senior agricultural economist at the National Center for Agricultural Economics and Policy Research in New Delhi. He is the recipient of the Andhra Pradesh Agricultural University Gold Medals for outstanding achievement in agricultural economics at the university level and the Team Research Award bestowed by the Indian Council of Agricultural Research. Ramesh Chand is a professor at the Institute for Conflict Analysis and Resolution and a theme leader at the National Center for Agricultural Economics and Policy Research in New Delhi. He has also worked as a consultant for the United Nations Economic and Social Commission for Asia and the Pacific, for the United Nations Development Program, and for the World Bank. He is the author of Free Trade Area in Asia.