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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.