Question

Why does a farmer need risk management and insurance?

Options

• Agriculture is a risky occupation especially in India where irrigation facilities are there only in 43% of land area under agriculture.

• Crops have risk due to natural causes like flood, rain, drought etc.

• Both Agriculture is a risky occupation especially in India where irrigation facilities are there only in 43% of land area under agriculture and Crops have risk due to natural causes like a flood, rain, drought, etc.     

• None of the above 

Answer 1

Both Agriculture is a risky occupation especially in India where irrigation facilities are there only in 43% of land area under agriculture and Crops have risk due to natural causes like a flood, rain, drought, etc.   

Explanation:

Agriculture is a dangerous profession, especially in India, where irrigation facilities are available on only 43% of agricultural land. Natural disasters such as floods, rain, and drought put crops at risk. In such conditions, we must provide risk management and insurance to farmers.