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ECONOMIC COSTS OF DROUGHT AND RICE FARMERS RISK COPING MECHANISMS: A CROSS COUNTRY COMPARATIVE ANALYSIS

By Sushil Pandey, Humnath Bhandari, Ramesh Sharan, Sudhir K. Taunk, Dibakar Naik, Preeda Prapertchob and Shijun Ding

Abstract

The economic costs of drought and rice farmers' coping mechanisms are analyzed using time series and farm survey data from China, India and Thailand. The economic cost was estimated to be 2-6% of the value of output. Farmers' coping mechanisms were found to be inadequate in preventing consumption shortfall.Farm Management,

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