Modelling of Risk Aversion Coefficients and Risk Premium for Paddy Farmer: A Case Study in the Coastal Area of Andhra Pradesh
Journal Title: International Journal of Environment, Ecology, Family and Urban Studies (IJEEFUS) - Year 2019, Vol 9, Issue 2
Abstract
Agricultural farmers face lot of hardships to obtain a satisfactory yield in terms of revenue due to unpredictable environmental conditions leads to risk aversion. An attempt is made here to quantify such risk which can be used in future for formulating various protective policies to farmers. A multi criteria technique is applied to calculate various risk coefficients. A final case study is done to evaluate risk coefficients. Formulation of the regression equation is done to calculate proportional risk premiums.
Authors and Affiliations
Vasanth Kumar. P, Srinivasa Rao . M, Kesava Rao. V. V. S
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