Mukherjee, Sanchita (2010): Crop diversification and risk: an empirical analysis of Indian states.
Download (272kB) | Preview
The current study explores relationship between the crop diversification and risk in India. Herfindahl Index has been used to analyse the level of crop diversification across the major states over the period of study. An effort has been made to compute yield risk and price risk of each state using the Markowitz's Mean-variance theory and map it with the crop diversification for the corresponding states. Result shows that, while the relationship is positive in the case of crop-diversification and yield risk, we cannot conclude the relationship between crop diversification and price risk.
|Item Type:||MPRA Paper|
|Original Title:||Crop diversification and risk: an empirical analysis of Indian states|
|Keywords:||crop diversification, farm risk, yield risk, farm price risk, agriculture risk,|
|Subjects:||Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q11 - Aggregate Supply and Demand Analysis ; Prices
Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q10 - General
|Depositing User:||Sanchita Mukherjee|
|Date Deposited:||14. Jan 2012 21:24|
|Last Modified:||12. Feb 2013 13:57|
Akca, Hasan and Murat Sayili. (2005). Risk and Uncertainty (Variability) in Wheat Production in Turkey. Journal of Applied Science, 5(1): 101-103
Birthal, P.S, P.K. Joshi, and Devesh Roy (2007) Diversification in Indian Agriculture towards High-Value Crops: The Role of Smallholders.IFPRI Discussion Paper 00727, International Food Policy Research Institute, Washington, D.C, U.S.A
Deshpande, R.S., Pradeep Mehta, and khalil Shah (2007) Crop Diversification and Agricultural Labour in India', Indian Journal of Labour Economics, October- December. Vol.50, No.4.
Government of India (2007) Annual Report (2006-2007).Chapter II, Ministry of Food and Public Distribution. Government of India
Government of India (various years) Farm Harvest Prices of Principal Crops in India.Directorate of Economics and Statistics, Ministry of Agriculture, New Delhi
Government of India (various years) Statistical Abstract India.Central Statistical Organisation, Ministry of Statistics & Programme Implementation, New Delhi www.mospi.gov.in
Gemech, Firdu, Sushil Mohan, Alan Reeves, and John Struthers (2009) Market Based Price-Risk Management: Welfare Gain of Coffee Producers from Efficient Allocation of Resources. Paper presented at DSA conference (March 2009), University of Scotland, Paisley
Linter, J. (1965) Security Prices, Risk, and Maximum Gains from Diversification. Journal of Finance, 21:587-615.
Luenberger, David G. (1998) Investment Science. Oxford University Press, New York
Markowitz, Harry M. (1952) Portfolio Selection. The Journal of Finance 12:77-91, March
Penson, John, Rulon Pope, and Micheal Cook (1986) Introduction to Agricultural Economics. Prentice Hall, New Jersey
Rao, P. Parthasarathy, P.S. Birthal, P.K. Joshi, and D. Kar (2004) Agricultural Diversification in India and Role of Urbanization. MITD discussion paper no.77, International Food Policy Research Institute, Washington, D.C, U.S.A
Robinson, L.J., and J.R. Brake (1979) Application of Portfolio Theory to Farmer and Lender Behavior. American Journal of Agricultural Economics, (61):158-164, February
Segovia, J.E. Tirindad, S Cruz Rambaud, and C.B. Gracia Gracia (2005) A Model for Determining Efficient Portfolio Cropping Plans in Organic Farming. Spanish Journal of Agricultural Research 3(2): 159-167
Sen, Suchitra, and Raju Sarawati (2006) Globalisation and Expanding Markets for Cut-Flowers: Who Benefits?. Economic and Political Weekly, 41(26):2725-2731
Sharpe, W. (1970): Portfolio Theory and Capital Markets. McGraw-Hill, New York.
Toledo T., Roger, and Alejandra Engler P. (2008) Risk Preferences Estimation For Small Raspberry Producers in The Bío-Bío Region, Chile. Chilean Journal of Agricultural Research, April-June, 68:175-182
Vyas, V.S. (1996) Diversification in Agriculture: Concept, Rationale and Approaches. Indian Journal of Agricultural Economics, 51 (4): 636-643.
World Bank (1990) Agricultural Diversification and Policies and Issues from East Asian Experiences. Policy and Research Series, Agriculture and Rural development Department, The World Bank, Washington, D.C