Mitigating Risk and Augmenting Farmer’s Income through Livelihood Diversification Framework

Authors

  • K. J. Srinivas Research Scholar, Department of Management and Commerce, Sri Sathya Sai Institute of Higher Learning, Prasanthi Nilayam, Anantapur, AP.
  • B. Sai Giridhar Professor, Department of Management and Commerce, Sri Sathya Sai Institute of Higher Learning, Prasanthi Nilayam, Anantapur, AP.

DOI:

https://doi.org/10.25175/jrd/2022/v41/i2/157590

Keywords:

Livelihood Diversification, Income Augmentation, Livelihood Diversification Framework, Sustainable Rural Development

Abstract

Literature suggests various ways to augment the income levels of farmers, and livelihood diversification is one among such approaches. However, risk is a critical factor that drives a farmer to diversify. The returns of a farmer are influenced by the amount of risk undertaken. In this paper, efforts have been made to understand various factors that play a key role in coping with risk and possibilities to augment income through diversification, sustaining the income earned, and so on. Though diversification is an established strategy to boost income, this paper presents a systematic approach to diversification and managing risk through the livelihood diversification framework (LDF). The systematic approach paves the way to make livelihood diversification a non-distress-driven strategy through various interventions.

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Published

2023-05-11

How to Cite

Srinivas, K. J., & Giridhar, B. S. (2023). Mitigating Risk and Augmenting Farmer’s Income through Livelihood Diversification Framework. Journal of Rural Development, 41(2), 155–170. https://doi.org/10.25175/jrd/2022/v41/i2/157590

Issue

Volume 41, Issue 2, April-June 2022

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

Author Biography

K. J. Srinivas, Research Scholar, Department of Management and Commerce, Sri Sathya Sai Institute of Higher Learning, Prasanthi Nilayam, Anantapur, AP.

Doctoral research Fellow, Department of Management and Commerce

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