Crop Insurance - A Safety-Net in Agriculture : Theories and Empirics

Agriculture and those involved in agriculture face a lot of natural as well as man-handled menaces. As a result, (small and marginal) farmers' suicides are a very common caption in newspapers. This has led the economists, public agencies and government to introduce the crop insurance policy supporting and stabilizing the income of farmers. The insurance participation is positively linked with life and livelihood security of the poor farmers enabling them to get free from the trap of rural money-lenders, to optimally use the costly inputs like fertilizer, quality seeds etc. and to rescue from the distressed sale of their product. This book has been designed to look into the effects of crop insurance on the use of inputs, production of output for farms of different sizes. Crop insurance has been included in the syllabus of under-graduate courses and masters in economics, statistics, actuarial statistics, commerce, management, sociology and other branches of social sciences. All over the world, a lot of research is being pursued on this issue. This present work will come to the immense help of those who desire to carry out advanced study and undertake research in crop insurance.