Climate, risk and uncertainty in agriculture
Student name: Ms Priyanka Kwatra
Guide: Prof M.N. Murty
Year of completion: 2014
Host Organisation: TERI University
Abstract: The study estimates the functional relationship between farm level net-revenue and climatic
variables in Uttarakhand, India. Using panel data across 13 districts of Uttarakhand and 6 years
(2004-2009) for four crops namely barley, paddy, potato and wheat, it seeks to analyze how crop
output responds differently to changes in climatic variables. Apart from indicators of climate
change, certain control variables like literacy rate, fertilizer usage, etc, serve as independent
variables. Studying the functional relationship between farm level net-revenue and climatic
estimates would help in estimating the environmental risk in agriculture. Furthermore, this
information would facilitate the process of crop insurance.
