AN EMPIRICAL EVIDENCE OF THE EFFECT OF PREMIUM AND PREMIUM SUBSIDY ON FARMERS COVERAGE UNDER CROP INSURANCE

Authors

  • Pratap Chandra Sahoo Assistance Professor in Commerce, Bhadrak Autonomous College, Bhadrak, Odisha- 756100, India
  • Rajendra Mohapatra M. Com, M. Phil, UGC-NET, Research Scholar, P. G. Department of Commerce, Utkal University, Vani Vihar, Bhubaneswar-751004, India
  • Professor Anil Kumar Swain Professor and Head, P.G Department of Commerce, Utkal University, Bhubaneswar, Odisha- 751004, India

DOI:

https://doi.org/10.29121/granthaalayah.v6.i3.2018.1518

Keywords:

Crop Insurance, Risk, Elasticity, Premium Subsidy, Premium, Farmers Coverage

Abstract [English]

Agriculture sector is the prime mover of state economy of Odisha. It drives the state economy towards the inclusive and sustainable development. Odisha is one of the states in which risk in crop production is very high due to variability in rain fall, low resources base of farmer, frequency occurrence of natural calamities etc. In such a risky environment of the state there is a greater need for crop insurance in the event of crop failure, the insured farmer will receive indemnity to cover their loss. This article examines the effect of premium and premium subsidy on farmers’ coverage in crop insurance in Odisha by using Log linear model to measure the effect of premium and premium subsidy on the farmers coverage. We have analysed the data with the help of eview and do the residual test and found that the model is suitable for the study. Our empirical results shows that there is significant effect of premium and premium subsidy on farmers coverage under crop insurance both kharif and rabi season.

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Published

2018-03-31

How to Cite

Sahoo, P. C., Mohapatra, R., & Kumar Swain, A. (2018). AN EMPIRICAL EVIDENCE OF THE EFFECT OF PREMIUM AND PREMIUM SUBSIDY ON FARMERS COVERAGE UNDER CROP INSURANCE. International Journal of Research -GRANTHAALAYAH, 6(3), 228–239. https://doi.org/10.29121/granthaalayah.v6.i3.2018.1518