Agriculture risk estimation: An aid for farmers who are risking life and limb for the food security of the nation

Agricultural production is subjected to many uncertainties. Hazards and unforeseen extreme climatic events increase the risk of agriculture production. Many risks directly affect farmers’ production decisions and welfare. Being an agrarian country, 48.9% of the Indian population directly or indirectly depends on agriculture (Economic Survey 2014-15). A total of 12,602 farming sector persons (8,007...