The working group on risk management in
Establishment of Centre for Risk Management in Agriculture
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| 9.2. Establishment of Centre for Risk Management in Agriculture: A reconnaissance analysis with the farmers, intermediaries, and Government service organizations has offered scope for creating integrated risk management systems that could help the farmers to manage the multiple risks in a coherent manner. To manage these risks it is required to develop a strong institutional system at community and local Government level. Institutional support to the small and marginal farmers is more than a vehicle of risk management and economic progress. It is an instrument of policy which can influence the patterns of land use, income distribution and solution to declining natural resources. Recent advances in information technology, weather prediction and financial risk management instruments offer potential opportunities to develop and deliver innovative, need based risk management tools to enable farming communities to take informed decisions. Through underlying risk management principles, an integrated risk management framework need to be evolved through targeted research and transferred to rural development and agriculture service organizations. The tools and methods of integrated risk management should be mainstreamed into development planning through advocacy and capacity building programmes. To achieve these objectives, a unique institution Center for Integrated Risk Management in Agriculture (CRMA) is proposed in public-private partnership The CRMA is envisioned to play a catalytic role to promote and deliver integrated risk management services to farming community. The CRMA will bean evolving and dynamic institution to respond to the needs and demands of farming sector to serve as a knowledge management institutions. In the initial years CRMA will undertake capacity building programmes to enable farmer frontier support institutions such as banks, insurance institutions, agriculture extensions etc to deliver integrated risk management services.. Centre will workout strategies for climate risk management with an end to end’ perspective. It will concentrate on developing tools, analytical thinking, synthesis of the multidisciplinary work needed, providing training, pilot projects to demonstrate and develop the strategies. The actual implementation of the climate risk management strategies developed by the institute would be the task of governments and other interested / relevant organizations. The institute would work closely with these agencies. |