Risk management is the way forward for farming
Risk management is the way forward for farming , ,Large numbers of low-income families the world-over depend on agriculture as their primary source of income.
Price risk management: Like other commodities market prices of agricultural products are highly volatile.
These include, low yields, weak market linkages, high price volatility, limited risk management, and poor price realization.
For farmers’ incomes the keys to transformative growth are, among other things, the two areas of price and yield risk management.
Yield risk management: While effective management of price risk is essential, it is also equally important for the farmer to be able to effectively manage the risks to the yield that she is able to get from her farm.