Download or read book Crop Insurance - a Case for Effective Implementation of Policies by India written by Raghvendra Singh Raghuvanshi and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Farmers face floods, drought, pests, disease, and a plethora of other natural disasters. The weather is their greatest adversary, something that can never be controlled by man. Yet, farming has been in existence since the caveman turned his spear in for a hoe. Farming has come a long way since then; nevertheless; farmers are still at the mercy of the heavens. Crop insurance is a risk management tool that farmers can use in today's agricultural world. For a premium, farmers can pass their weather-related risk onto a third party. Farmers in India have been subjected to publicly administered insurance schemes since 1972. Every scheme has been flawed, yet the government of India is still attempting to strengthen agriculture by protecting its farmers from the weather. India's failure at providing public crop insurance does not stand alone. In both the developing and developed world, governments' crop insurance schemes have run at huge losses while not delivering an effective product. The inadequacy of such schemes is a well-established fact. On the other hand, private insurance does exist in situations where it is feasible and no subsidized insurance is offered. The farmers stand to benefit even more from private insurance when there are several competitors.