Risk Mitigation in Agriculture

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Risk Mitigation in Agriculture IKP Centre for
Advancement in Agricultural Practice (ICAAP) Arv
ind Chandrasekar 11 August 2009
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What is risk?
Oxford English Dictionary
1. a situation involving exposure to
danger 2. the possibility that something
unpleasant will happen
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Risk in agriculture

• Broad classification
• Regulatory risks changes in regulations and
• policies, political risks
• Price risks market risks, price fluctuations
• support prices, futures markets
• Production risks environmental and climatic
• risks

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Mitigating production risks

• Ex ante strategies minimizing risk exposure
• Knowledge dissemination agricultural extension
  services, pest management, cropping patterns,
  changes in seeds, adaptation to climate change
• Ex post strategies coping with shocks
• Disaster assistance, migration, labor
  re-allocation

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ICAAP Overview
Mission To deliver sustainable increases in
the incomes of small and marginal farmers in
India through advancements in agricultural
practice Vision To serves as a resource centre
for knowledge aggregation and dissemination for
high value horticultural crops and to be a unique
institute providing state of the art tools and
techniques for developments in food processing
and post harvest technologies
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ICAAP Overview

• Core components
• Agricultural knowledge management initiative
• Agribusiness and food technology incubator

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ICAAP Overview

• Agricultural knowledge management initiative
• Crop-specific knowledge acquisition
• Knowledge management in customizable format
• Knowledge provision for specific queries
• Repository of good agricultural practices
• Repository of innovations in agricultural
  practices

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ICAAP Overview

• Agribusiness and food technology incubator
• Technical expertise in food product and process
  development
• Infrastructure and equipment for food product
  and process
• development
• Laboratory facilities for safety and quality
  assurance
• Linkage between farmer-processor-market
• Facilitate access to capital for process scale up

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Current projects

• Knowledge dissemination to improve the
  livelihoods of mango farmers in Shenkottai and
  Tenkasi, Tamil Nadu
• Better price realization connection with Big
  Bazaar
• Workshop on good agricultural practices
• Processing capabilities

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Location of project area
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Future work and collaborations

• IFPRI
• TNAU
• ANGRAU / MANAGE / NAARM
• PAU
• Cornell

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Thank you!