Production risks, risk preference and contract farming: Impact on food security in India

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dc.creatorMishra, Ashok K.
dc.creatorKumar, Anjani
dc.creatorJoshi, Pramod Kumar
dc.creatorD'Souza, Alwin
dc.date2018-09-26
dc.date2024-06-21T09:04:44Z
dc.date2024-06-21T09:04:44Z
dc.date.accessioned2026-06-27T15:24:24Z
dc.descriptionThis article reviews the literature on contract farming (CF) in India and assesses the impact of smallholders’ perceived production risks on the adoption of CF; the impact of CF on smallholders’ food security; and its impact on employment generation in their farming enterprises. We also show the impact of the outcome variables by risk preference of smallholders. Using farm‐level data and endogenous switching regression methods, this study presents three key findings. First, the perception of weather and pest risk, access to irrigation facilities, extension visits, and access to institutional credit are the main drivers of CF adoption. Second, CF adoption increases food security and varies with the revealed risk preference of smallholders, and risk‐seeking smallholders tend to gain higher food security. Third, regardless of revealed risk preferences, smallholders who did not adopt CF benefit from adoption by reducing their labor requirements, with no significant losses in yield.
dc.identifierhttps://hdl.handle.net/10568/145609
dc.identifier.urihttp://hdl.handle.net/123456789/103426
dc.languageen
dc.publisherOxford University Press
dc.rightsLimited Access
dc.sourceMishra, Ashok K.; Kumar, Anjani; Joshi, Pramod Kumar; and D'Souza, Alwin. 2018. Production risks, risk preference and contract farming: Impact on food security in India. Applied Economic Perspectives and Policy 40(3): 353–378. https://doi.org/10.1093/aepp/ppy017
dc.subjectagricultural sector
dc.subjectcapacity development
dc.subjectdietary transition
dc.subjectcrop production
dc.subjectsmallholders
dc.subjectfood security
dc.subjectcontract farming
dc.subjectrisk
dc.subjectdiversification
dc.titleProduction risks, risk preference and contract farming: Impact on food security in India
dc.typeJournal Article

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)