Examine The Perceptive Of Farmers Regarding Agricultural Insurance In Risk Management Of Food Crops

Abstract

Crop insurance (CI) is a powerful instrument of agricultural risk management that safeguards farmers' financial well-being. As a consequence of CI's efforts, farmers are more likely to have consistent revenue, they are more likely to embrace new technology, and credit organizations face less risk when extending loans to farmers. The advantages of CI are well publicized; nonetheless, voluntary involvement from farmers is quite low. Commercial hazards come in many forms, and farmers everywhere must learn to assess and mitigate them. Globalization, growing commerce in agricultural goods, and climate change are only a few of the reasons that are increasing these risks, putting at risk agricultural companies and compelling farmers to modify their production and management techniques. We found a discrepancy between the perceived dangers and the solutions put in place to deal with them, underscoring the need to better understand the motivations behind these management choices. This analysis provides direction for future studies to better understand how farmers perceive risk and to aid in the management and reduction of that risk.