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dc.contributorPalanisami, Kuppannanen_US
dc.contributorRanganathan, CRen_US
dc.contributorShalander, Kumaren_US
dc.contributorHaileslassie, Amareen_US
dc.creatorKrishna Reddy, Kakumanuen_US
dc.identifier.citationKakumanu Krishna Reddy, Kuppannan Palanisami, CR Ranganathan, Kumar Shalander, Amare Haileslassie. (31/10/2015). Assessment of risk premium in farm technology adoption as a climate change adaptation strategy in the dryland systems of India. International Journal of Climate Change Strategies and Management, 8(5), pp. 689-717.en_US
dc.description.abstractPurpose: Changing climate has increasingly become a challenge for smallholder farmers. Identification of technical, institutional and policy interventions as coping and adaptation strategies, and exploring risks of their adoption for smallholder farms, are the important areas to consider. The present study carried out an in-depth analysis of adaptation strategies followed and the associated risk premium in technology adoption. Design/methodology/approach: The study was carried out in the dryland systems of three Indian states - Andhra Pradesh, Karnataka and Rajasthan, and was based on a survey of 1,019 households in 2013. The flexible moment-based approach was used for estimating the stochastic production function, which allowed estimation of the relative risk premium that farmers are willing to pay while adopting the technologies to avoid crop production risks. Findings: In all three states, the risk premium (INR ha-1) was higher for farm mechanization compared to supplemental irrigation, except in the case of Andhra Pradesh. The higher the level of technology adoption, the higher the risk premium that households have to pay. This can be estimated by the higher investment needed to build infrastructure for farm mechanization and supplemental irrigation in the regions. The key determinants of technology adoption in the context of smallholder farmers were climatic shocks, investment in farm infrastructure, location of the farm, farm size, household health status, level of education, married years, expected profit and livestock ownership. Originality/value: Quantification of the risk premium in technology adoption, and conducting associated awareness programs for farmers and decision makers are important to strengthen evidence-based adoption decisions in the dryland systems of India.en_US
dc.publisherInternational Water Management Institute (IWMI)en_US
dc.sourceInternational Journal of Climate Change Strategies and Management ;8,(2015) Pagination 689,717en_US
dc.subjectrisk premiumen_US
dc.subjectflexible moment-based approachen_US
dc.subjectdryland systemen_US
dc.subjectagricultural technologyen_US
dc.subjecttechnology adoptionen_US
dc.titleAssessment of risk premium in farm technology adoption as a climate change adaptation strategy in the dryland systems of Indiaen_US
dc.typeJournal Articleen_US
cg.subject.agrovocclimate changeen_US
cg.contributor.centerInternational Water Management Institute - IWMIen_US
cg.contributor.centerTamil Nadu Agricultural University - TNAUen_US
cg.contributor.centerInternational Crops Research Institute for the Semi-Arid Tropics - ICRISATen_US
cg.contributor.crpCRP on Dryland Systems - DSen_US
cg.contributor.funderNot Applicableen_US
cg.contributor.project-lead-instituteInternational Water Management Institute - IWMIen_US
cg.coverage.regionSouthern Asiaen_US
dc.identifier.statusLimited accessen_US

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