Weather Derivatives-Are you willing to hedge the monsoon With special reference to Agriculture Sector in India
Journal Title: INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY - Year 2013, Vol 6, Issue 3
Abstract
With drought looming large over 14 meteorological sub-divisions, spare a thought for the planted crops that are in grave danger. For the farmers in Maharashtra, Andhra Pradesh, Karnataka and Uttrakhand this monsoon has brought everything except the much-needed moisture. "Come rainy season and nearly 59 per cent of the Indian population, the people dependent on agriculture, keep their fingers crossed. Some pray to the rain God to ensure that it does not pour so hard that their crops get destroyed. On the other hand, in some villages, the farmers tie two frogs to a pole and get them married, a superstition which is supposed to bring good rainfall, Superstitions apart, the seriousness of weather cannot be overemphasised. India, as a country, faces great variations in weather conditions due to its diverse geographical structure. While some places are hit by flood, some others by drought, rising temperatures are scaling new peaks and chilling winters are breaking old records. Such diversity in weather conditions affects the business processes of many industries directly or indirectly giving agriculture the greater break. Is weather derivates the one of the solutions to the sight for agricultural risk bearing safety? This paper aims to examine the state of risk management in agriculture of India, evaluate the effectiveness of weather derivatives as risk management tools and basic framework required to hedge them.
Authors and Affiliations
Neha Arora
Keywords
Related Articles
- EP ID EP654321
- DOI 10.24297/ijmit.v6i3.720
- Views 157
- Downloads 0
Analysis of retail marketing strategies on organizational competitiveness
The purpose of this study was to analyze retail marketing strategies on organizational competitiveness. The study attempted to examine the strategies that have been applied and adopted by the retail companies elsewhere i...
360 Degree Feedback Appraisals- An Innovative Approach of Performance Management System
360-degree feedback systems are typically introduced as part of individual or organisational development activities. However, 360-degree feedback is increasingly used as an integral part of performance appraisal, relatin...
The Mediating Effect Of Work Cooperative Attitude On The Affecting Of Organizational Justice To Dysfunctional Behavior And Impacted To The Loan Controllers Performance
The objective of this research is to build a theoretical and an empirical model of theWork Cooperative Attitude of Loan Controller on decreasing the Dysfunctional behavior at banking industries and its impact to Loan Con...
A Comparative Study on Efficiency Assessment between Public and Private Universities: Evidence from Tanzania
Our study builds on a two- stage Data Envelopment Analysis to examine and compare the efficiency of public and private universities in Tanzania in 2008-2012. First, we use data envelopment analysis to measure the technic...
Optimization and Minimization of Disturbance to the Operating Room
Requests for surgical surgery can occur unexpectedly. We can not, in any circumstances when the demand for care arises.Some requests can be queued and scheduled for future dates. These applications are generally surgerie...