Profile of Dairy Animals Covered and Farmers Adopted Livestock Insurance in Karnal District of Haryana

Abstract

In India, insurance market, especially in the agricultural sector, is usually underdeveloped. The information was gleaned from75 each adopter and non-adoptersampled farmers of livestock insurance. The results revealed that the small farmers had insured a number of animals in their herd as compare to large herds to safeguard against risk arising to secure their nutritional security and death risk. The animals insured for a sum in the range of `30, 000 to 45, 000 per animal were the highest (54.31 per cent). It is also found that livestock insurance has moved in favour of a small category of farmers to avoid risk.