AKTU Agricultural Risk Management (BMBAB303) Syllabus PDF – MBA (Agribusiness Management) 3rd Semester
Agricultural Risk Management BMBAB303
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Syllabus — Agricultural Risk Management
Download PDFBMBAB303 · 3 credits · L-T-P 3-0-0
Course Outcomes
| CO Code | Course Outcome Statement | Bloom’s K-Level |
|---|---|---|
| CO1 | Understand and explain the fundamental concepts and types of agricultural risks. | K2 – Understand |
| CO2 | Classify and analyse various sources of risk including price, yield, and climate. | K4 – Analyse |
| CO3 | Evaluate the impact of climate change and socio-economic vulnerabilities in farming. | K5 – Evaluate |
| CO4 | Apply appropriate risk mitigation and assessment strategies in agriculture. | K3 – Apply |
| CO5 | Compare agricultural insurance schemes and policy mechanisms used in India. | K4 – Analyse |
Unit 1: Introduction to Agricultural Risk(4 Hours)
Concept and meaning of agricultural risk; Classification of risks: Variate risks and non-covariate risks; Sources and nature of risks in agriculture
Unit 2: Types of Agricultural Risks(8 Hours)
Price risk: fluctuations in market prices of inputs and outputs; Yield risk: variability in crop and livestock production; Climate and weather risks: droughts, floods, storms, and weather aberrations;
Asset risk: risks related to machinery, land, and infrastructure; Health risk: impact on farmers’ health and labor capacity
Unit 3: Impact of Climate Change on Agriculture(8 Hours)
Effects of climate change and weather aberrations on crop yield; Socio-economic impacts on farming communities, with special focus on arid and semi-arid regions; Case studies highlighting regional vulnerabilities and adaptation challenges
Unit 4: Strategies for Agricultural Risk Management(10 Hours)
Risk identification and assessment techniques; Risk avoidance, reduction, and mitigation strategies;
Role of diversification, improved agronomic practices, and technology adoption; Designing risk management products and programmes tailored for farmers
Unit 5: Agricultural Insurance and Policy Mechanisms(10 Hours)
Overview of agricultural insurance schemes and products; Compensation mechanisms and claim processes; Legislative and regulatory framework supporting agricultural risk management; Estimation of losses and its importance in policy design; Role of government and private sectors in risk management and insurance
Suggested Readings
- Dandekar, V. M. (2005). Agricultural Policy and Development in India: Emerging Issues. New Delhi: Oxford University Press.
- Sinha, S. K., & Kumar, M. (2017). Climate Change and Agricultural Risk Management. New Delhi: ICAR - National Institute of Agricultural Economics and Policy Research.
- Deshpande, R. S., & Arora, S. (2010). Agricultural Risk and Insurance in India: Problems and Prospects. New Delhi: Concept Publishing Company.
- Hardaker, J. B., Huirne, R. B. M., Anderson, J. R., & Lien, G. (2015). Coping with Risk in Agriculture (3rd ed.). Wallingford: CABI Publishing.
- OECD. (2011). Managing Risk in Agriculture: Policy Assessment and Design. Paris: OECD Publishing.
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