UNIQUE SERIES AKTU Syllabus
BMBAB303

Agricultural Risk Management

L-T-P3-0-0 Credits3 Session2025-26 TypeTheory
Appears in 1 semester

MBA Agribusiness Management · Sem 3 (Core)

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Syllabus

5 units · 40 lecture hours
Unit1

Unit 1: Introduction to Agricultural Risk

4 hrs

Concept and meaning of agricultural risk; Classification of risks: Variate risks and non-covariate risks; Sources and nature of risks in agriculture

Unit2

Unit 2: Types of Agricultural Risks

8 hrs

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

Unit3

Unit 3: Impact of Climate Change on Agriculture

8 hrs

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

Unit4

Unit 4: Strategies for Agricultural Risk Management

10 hrs

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

Unit5

Unit 5: Agricultural Insurance and Policy Mechanisms

10 hrs

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

Course Outcomes (COs)5 outcomes

After completion of the course student will be able to:

  1. CO1Understand and explain the fundamental concepts and types of agricultural risks. – UnderstandK2
  2. CO2Classify and analyse various sources of risk including price, yield, and climate. – AnalyseK4
  3. CO3Evaluate the impact of climate change and socio-economic vulnerabilities in farming. – EvaluateK5
  4. CO4Apply appropriate risk mitigation and assessment strategies in agriculture. – ApplyK3
  5. CO5Compare agricultural insurance schemes and policy mechanisms used in India. – AnalyseK4

Suggested Readings

  1. Dandekar, V. M. (2005). Agricultural Policy and Development in India: Emerging Issues. New Delhi: Oxford University Press.
  2. Sinha, S. K., & Kumar, M. (2017). Climate Change and Agricultural Risk Management. New Delhi: ICAR - National Institute of Agricultural Economics and Policy Research.
  3. Deshpande, R. S., & Arora, S. (2010). Agricultural Risk and Insurance in India: Problems and Prospects. New Delhi: Concept Publishing Company.
  4. Hardaker, J. B., Huirne, R. B. M., Anderson, J. R., & Lien, G. (2015). Coping with Risk in Agriculture (3rd ed.). Wallingford: CABI Publishing.
  5. OECD. (2011). Managing Risk in Agriculture: Policy Assessment and Design. Paris: OECD Publishing.

Official AKTU syllabus

This subject is on page 8, 9 of the original AKTU PDF.

Official AKTU syllabus PDF ↗