Department of Agricultural Economics, Mahatma Phule Krishi Vidyapeeth, Rahuri-413 722, Maharashtra
Online published on 24 February, 2018.
The paper has examined different types of risks in dryland agriculture and has estimated risk efficient optimum farm plan for small, medium and large farms by using linear programming MOTAD model for the period 20102013. The study has revealed that in terms of price risk, sunflower was the most risky crop, whereas bajra was a less risky crop. For production risks, kharif-groundnut and soybean were most risky crops. Among the ten major dryland crops grown in Solapur district, the production risks were more than the price risks in bajra, maize, kharif-groundnut, safflower and soybean. By using MOTAD technique a new profit maximizing optimum farm plan was evolved for small, medium and large farms in the Solapur district. It indicated that profit get maximized with increase in mean absolute deviation. It means that farmers have to take more risk for getting more profit. Cultivating under risk should be made part of farmers’ training and extension programme to improve the efficiency of individual farms in the study area.
Risk management, price risk, production risk, dryland agriculture, Maharashtra
