Risk Factor in Agricultural Sector: Prioritizing Indian Agricultural Risk Factor by MAUT Method

Introduction

The utilization of genetically modified crops and Organic farming will improve the fertility of the land and improve the crop production rate of Indian farmers. But still, the small and medium agricultural sector is very poor and neglected, and by following the traditional method of crop production. Risk and uncertainty are inherent to agriculture. The most common sources of risk factors are the weather, climate, diseases, natural disasters, the downturn of agricultural market and environmental factors. Some risks have become more severe in recent years due to climate change and the volatility of food prices. nominal farmers’ livelihoods are especially vulnerable. They may have difficulty in finding and organization risk and fail to benefit from investment opportunities that could progress their farming businesses and strengthen household resilience. Farmers live with risk and make decisions every day that affect their farming operations. Due to changes in weather conditions prices at the time of harvest could drop; hired labor may not be available at peak times; machinery and equipment could break down when most needed; draught animals might die, and government policy can change overnight. All of these changes are examples of the risks that farmers face in managing their farm as a business. All of these risks affect their farm profitability. Heavy rains and Draught without rain could also damage or even wipe outcrops. Another source of production risk is the nonavailability of modern equipment.

The price of farm products is affected by the supply of a product, demand for the product, and the cost of production. The technology, assets, and labor or human factor is also a very important issue. Contacts and exposure with the chemicals, fertilizers), the exposure to soil, dust, the contamination due to bacteria, exposure to animals, cattle's, injury due to hand tools and musculoskeletal disorders are the most important injuries faced by farmers. Indian agricultural business sector is expected to be the most important driver of the Indian economy within a few years because of high investments for agricultural facilities, warehousing, and cold storage. The utilization of genetically modified crops and Organic farming will improve the fertility of the land and improve the crop production rate of Indian farmers. But still, the small and medium agricultural sector is very poor and neglected, and are following the traditional method of crop production. Due to the high cost of equipment unable to purchase and the conventional method of farming gives them many physical problems like lungs problem due to exposure to dust, and musculoskeletal disorders.Apart from this, Financial or economic risk plays an important part, when money is borrowed to finance the farming business. This risk can be caused by uncertainty about future interest rates, a lender’s willingness and ability to continue to provide funds when needed, and the ability of the farmer to generate the income necessary for loan repayment. Human risk factor is the major risks to the farm business caused by illness or death and the personal situation of the farmer family. Accidents, illness, and death can disrupt farm performance. Due to high cost of equipment farmers unable to purchase modern equipments and the conventional method of farming gives them many physical problems like lungs problem due to exposure to dust, and muskulateral disorders.

Extreme weather conditions, the heavy workload during their working procedure gives them health and economic problems in farming. So to attain better efficiency of performance and to improve the productivity of the worldwide farmers in the agricultural sector it is essential to design the tools and equipment to make their work easy and risk-free but the design must be done keeping in consideration the farmer’s capability and limits. The tools and equipments design should be able to provide more human comfort, of good quality, more output focused and reduce the musculoskeletal injury.By avoiding all these factors risk factors will reduce.