Abstract
Official Journal of the Institute of Environmental Professionals Sri Lanka. Full text articles available. The journal publishes original research and review articles on environmental studies relevant to Sri Lanka and other tropical regions. The scope of the Journal encompasses the diversity of current research on broad categories of environmental science.
Highlights
In Agricultural production, there is a time lag between input decision making and production realization
Volatility in agriculture sector is explained by production volatility which is mostly driven by climate change as well as price
Time series data were used from 6 major paddy growing districts (Anuradhapura, Polonnaruwa, Kurunegala, Hambanthota, Kandy and Kaluthara), in the two major growing seasons; Maha (September to February in the following year) and yala (March to August)
Summary
In Agricultural production, there is a time lag between input decision making and production realization. Decision-making under higher volatile and uncertain conditions always lead to risk (Schaffnit-Chatterjee, 2010). If there is high risk, it is difficult to make economic decisions This volatile nature of agricultural production is due to uncontrollable elements, such as climatic factors. Any change in a climatic factor is bound to have a significant impact on crop yield and production. This area has caught attention of researchers in recent times as evident by the growing number of studies on the impact of climate change on agriculture (Barnwal and Kotani, 2010)
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