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Profile of Dairy Animals Covered and Farmers Adopted Livestock Insurance in Karnal District of Haryana

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Shyam Prakash Singh *, B.S. Chandel , Payal Jaiswal , and L.K. Adarsha

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Abstract

The Indian Journal of Economics and Development (2019) 15(1), 68-76
DOI: 10.5958/2322-0430.2019.00007.6
Indexed in Clarivate Analytics (ESCI)

Shyam Prakash Singh *, B.S. Chandel , Payal Jaiswal , and L.K. Adarsha

Research Scholar (Ph.D.) and Principal Scientist, Department of Agricultural Economics
Bidhan Chandra Krishi Viswavidyalaya, Nadia-741252(West Bengal)
Dairy Economics, Statistics and Management Division, ICAR-National Dairy Research Institute, Karnal-132001
Department of Agricultural Economics and ABM, Indira Gandhi Agriculture University, Raipur-492012 (Chhattisgarh)
*Corresponding author’s email: shyamsingh7296@gmail.com

ABSTRACT
In India, insurance market, especially in the agricultural sector, is usually underdeveloped.The information was gleaned from 75 each adopter and non-adopter sampled farmers of livestock insurance.The results revealed that the small farmers had insured a number of animals in their herd as compare to large herds to safeguard against risk arising to secure their nutritional security and death risk. The animals insured for a sum in the range of `30,000 to 45,000 per animal were the highest (54.31 per cent). It is also found that livestock insurance has moved in favour of a small category of farmers to avoid risk.
Keywords
Adopter farmers and non-adopter farmers, animals insured, livestock insurance, milch animals insured.