Development Of Agricultural Sector Research Articles

Faktor Faktor Yang Mempengaruhi Persetujuan Pembiayaan Petani Kelapa Sawit Di Bank Syariah Mandiri

The role of financial institutions is very much needed in the form of supporting the development of the oil palm agricultural sector. Banking is one of the agents of development. The main function of banking is as a financial intermediary institution. Therefore, banks are expected to be able to channel financing to the agricultural sector. However, in the distribution of credit or financing facilities, there are terms and elements of credit that must be fulfilled by farmers as prospective debtors at Bank Mandiri Syariah, after which a feasibility analysis will be carried out on prospective debtors. The purpose of this study was to analyze the effect of financing needs, income, collateral value, education, and length of farming on financing approval for oil palm farmers. The method of determining the sample was carried out by using a census, namely the entire debtor in which the farmers who applied for oil palm financing were sampled in this study as many as 61 people. In this study, it was processed using logistic regression analysis. The results showed the variables of financing needs and collateral have a significant effect on financing approval, while income, education and length of farming variables have no significant effect on financing approval. If t he variables of financing needs, income, collateral, education and length of farming increases, the financing approval will increase/agree. Keywords: Palm oil; Farmers; Financing; Banking.

Differentiation of Production of the Regional Agro-Industrial Complex as a Factor in Ensuring the Economic and Social Stability of a Territory

The article presents the results of a study of enterprises in the agro-industrial complex of the Novgorod region. A study of the structure of production of agricultural products was carried out, key directions of development were identified, problem areas were outlined, a number of recommendations were made to improve the processes of development of territorial industries in order to ensure the stability of the socio-economic development of the relevant areas of the region. A comprehensive approach to the development of branches of the regional agro-industrial complex is proposed, based on the differentiation of agricultural production and the improvement of processing and marketing processes. The need for a comprehensive application of advanced achievements of scientific and technological progress and elements of promoting the digital economy to ensure the progressive development of the regional agricultural sector is determined. Conclusions are formulated regarding the importance of the development of the agro-industrial complex as one of the main factors in ensuring not only food security, but also an element of ensuring the economic and social stability of the territory.

English

Agriculture plays a great role in the economy of many countries including Tanzania where the majority depends on agriculture-based activities for their livelihoods. Access to agricultural credit is vital for growth and development of agricultural sector in Tanzania, hence financing agriculture is a key issue in rural development. Despite effort of the Government to make agricultural credit services available and affordable to its majority, access to credit among smallholder farmers is still very low. The aim of this study was to assess the determinants of credit demand by smallholder farmers. A multistage sampling technique was employed in this study. Ten (10) wards were selected with 30 respondents   from each ward making a sample of 300 smallholder farmers. A binary logistic regression model was used to analyze the influence of smallholder farmer’s socio-economic characteristics on credit demand. The maximum likelihood estimates of the logistic regression revealed that access to agricultural credit among smallholder farmers was determined by age of the respondents, gender, number of years of schooling, household size, distance, awareness, collateral, type of crops, farm size, contact with extension services, membership to economic farm groups, location of the farm and interest rate. However, gender of the respondent, distance, collateral and interest rate though statistically significant, had negative influences on smallholder farmer’s decision to demand and access agricultural credit. The study recommends that Microfinance Institutions (MFIs) should be strengthened and smallholder farmers be ensured to access agricultural credit with minimum and bearable formalities for agricultural development in Tanzania. Key words: Credit, demand, smallholder farmers, agriculture, microfinance institutions.

A Proposed Shariah Compliant Fintech Model as An Alternative Financing Product to Tackle Food Security Challenges in Malaysia

Ensuring food security becomes a significant issue in many countries, particularly during the coronavirus pandemic. Thus, the agriculture sector's development is critically essential to improving food availability. Despite several initiatives launched by the Malaysian authorities to support small farmers, this sector continues to suffer from accessing financial services. This paper objective is to develop a shariah based financing alternative model known as the Shariah-Compliant Fintech (SCF) Model. This model incorporates crowdfunding solutions and smart contracts into one platform to provide a seamless experience for the investors and fund seekers. This paper starts with the conceptual exploration of the literature in the areas of food security, financing challenges facing farmers, smart contract and Crowdfunding application. The sources of the literature cover secondary sources such as books, online resources and journal articles. This paper provides a conceptual framework of the shariah compliant fintech model that could be a viable solution for the global crowd investors to participate in the impactful investment opportunities. Second, the platform represents a marketplace for small farmers to seek financing from alternative sources of funds for their agricultural projects. This study offers a comprehensive shariah investment procedure and structures of the fintech industry, which can assist policymakers to create necessary policies that regulate Crowdfunding and smart contracts activities.

Revisiting the energy-economy-environment relationships for attaining environmental sustainability: evidence from Belt and Road Initiative countries.

The Belt and Road Initiative (BRI) is an ambitious development project initiated by the Chinese government to foster economic progress worldwide. In this regard, this study aims to investigate the dynamics of energy, economy, and environment among 42 BRI developing countries using an annual frequency panel dataset from 1995 to 2019. The major findings from the econometric analyses revealed that higher levels of energy consumption, economic growth, population growth rate, and FDI inflows exhibit adverse environmental consequences by boosting the CO2 emission figures of the selected developing BRI membernations. However, it is interesting to observe that exploiting renewable energy sources, which are relatively cleaner compared to the traditionally-consumed fossil fuels, and fostering agricultural sector development can significantly improve environmental well-being by curbing the emission levelsfurther. On the other hand, financial development is found to be ineffective in explaining the variations inthe CO2 emission figures of the selected countries. Besides, the causality analysis shows that higher energy consumption, FDI inflows, and agricultural development cause environmental pollution by boosting CO2 emissions. However, economic growth, technology development, financial progress, and renewable energy consumption are evidenced to exhibit bidirectional causal associations with CO2 emissions. In line with these findings, several relevant policies can be recommendedfor the BRI to be environmentally sustainable.

Sosyo-Ekonomik Gelişmişliğin Belirlenmesinde Tarımın Etkisi

As in all residential areas are also spatial disparities in Turkey. These socio-economic differences interact with the agricultural sector. While agricultural development positively affects the overall socio-economic development, it also supports the agricultural infrastructure and development. The aim of research is to calculate the socio-economic development index of 81 provinces and to determine their effects on agriculture. In this context, socio-economic development over 106 factor using exploratory factor analysis obtained from the TSI calculated. It is concluded that the socio-economic development ranking is parallel to the population of the provinces. For this reason, population groups are used in rankings other than general ranking. According to the results of the analysis, the general development rankings and the prominent agricultural factors (agricultural production area, agricultural production value) rankings were created. Unlike other development studies conducted, agricultural factors were included more in the analysis. Although the 1st population group, which includes the most densely populated provinces, is found in the rankings where agricultural factors are prominent, it has been determined that the population groups 4, 5 and 6 are in a developed position. This situation stems from Turkey's agricultural potential is present in many provinces. It is necessary to carry out studies for the agricultural sector in order to ensure both the agricultural sector and regional development.

To the question of water resistance of the Talas Valley

The Talas Valley has the necessary water resource potential for the intensive development of agricultural sectors and the provision of domestic needs and the needs of industrial enterprises with water, subject to compliance with environmental requirements. According to the nature of the water balance in the territory under consideration, two hydrological areas are distinguished- the area of formation and the area of dispersion of runoff. The first is the mountainous part of the territory, where the arrival of moisture over its discharge prevails and where economic activity has not yet had a significant impact on the river flow. Here an important role in the formation of runoff is the connection. The area of dispersion is located in the valley areas where irrigation is intensively developed, in connection with which the natural regime of large rivers drastically changes. It was revealed that the main source of water pollution with suspended substances is flushing of fine-grained particles from the territory of the catchment area with atmospheric precipitation and irrigation water. The proportion of anthropogenic pollution by suspended substances does not exceed 0.05% of natural pollution.

Sustainable economic development of agritourism based on the example of the North Kazakhstan region

As the goal of the study, one of the relevant modern problems of rural areas of the Republic of Kazakhstan is noted ensuring sustainable economic development of agritourism, which should become one of the key drivers of the regional economy. Objectives – to study aspects of sustainable agricultural tourism based on the example of the North Kazakhstan region. Results – the scientific points of view of Kazakhstani and foreign authors, offering solutions to issues related to the efficiency and feasibility of agritourism ecosystem are presented; key indicators and methodological approaches to assess the promotion of agritourism are identified; a matrix of the main directions for further expansion of the tourism industry in North Kazakhstan was developed; econometric dependences reflecting the dynamics of the number of agrotourists in the region in 2016-2020 are shown. Based on the calculation of autocorrelation coefficient of the residuals and the average approximation error, a conclusion was made about the optimal use of the constructed dependencies in the economy in order to ensure the sustainable development of agricultural tourism sector in the region. The research methodology is associated with the analysis that characterizes the introduction and acquaintance with the peculiarities of rural life, the activities of peasant farms. In the opinion of the authors, the conclusions will largely help to achieve the stated goals and objectives. Researchers are convinced that particularly rural tourism business that should become one of the main imperatives for the development of a modern village in the republic, contributing to a sustainable increase in the quality and standard of living of the population living in rural areas, raising the balance of payments and total exports, and increasing employment of rural residents, ensures food security of the country.

МОДЕЛЮВАННЯ ОПТИМАЛЬНИХ РІВНІВ КОНКУРЕНТОСПРОМОЖНОСТІ СІЛЬСЬКОГОСПОДАРСЬКИХ ПІДПРИЄМСТВ В УМОВАХ СТАЛОГО РОЗВИТКУ

The article seeks to explore major challenges in the agricultural sector development in Ukraine. Using multifactor statistical analysis of the key drivers of agribusiness operation and performance, based on a matrix of 25 selected agribusiness development indicators for enterprises specialized in crop raising and 16 selected development indicators for livestock enterprises, similar developmental trends across Ukrainian regions have been revealed. According to the results of the analysis, certain taxonomic groups (clusters) were identified that allowed to display similar regional conditions within each group along with specifying regions with crop and livestock farming within one cluster, represented by Lviv, Ivano-Frankivsk and Rivne regions. For further research, agribusinesses were selected out of the above regions and their competitive positions were analyzed. A fuzzy-set method was used to identify the impact of sustainable development, in particular the level of economic, social and environmental sustainability of regions on the competitive position of agribusinesses. The input parameters are represented by economic, environmental and social sustainability indices, each of them is assigned specific characteristics and classified. In addition, using variance analysis, key reference indicators were calculated and the boundaries were set. The output data are determined by the level of agribusiness competitiveness in Lviv, Ivano-Frankivsk and Rivne regions (selected by the results of cluster analysis). According to the calculations results, linguistic evaluation was performed, based on variance analysis of terms. Modeling of the surface of the forecast values was carried out which revealed that the above the average level of agribusiness competitiveness is accompanied by a high level of economic sustainability, average level of environmental sustainability and the below average social stability level.

Farmer’s decision determining factors in harvest technology selection in rice farming

Development of modern agricultural sector requires agricultural tools and machinery. Agricultural equipment and machinery technology is considered capable of increasing agricultural production and efficiency of time and labor. Furthermore, farmers’ decision on agricultural mechanization usage is influenced by internal and external factors. The recent study aims to determine the influencing factors toward farmer’s decision in harvest technology selection in rice farming. The research was conducted in Seputih Raman District, Central Lampung Regency in September – October 2016. The farmer’s decision determining factors were analyzed using binary logistic regression. As a result, the determining factors were the ease of operating rice harvester machines and land ownership status by farmers. However, new technology requirements are easy to adopt, one of which is the ease of testing. Therefore, technically harvester machine assembling is not complicated and easy to operate.

Development vectors and foreign experience in automation, informatization, digitalization in the agricultural sector

The article explores the main stages of the development of information technology in the world, considers some of the most important areas of IT technology development and global trends in the digital transformation of the agroindustrial complex based on the analysis of global scientific achievements, research reports, articles by famous scientists, scientific and expert organizations. The main trends are identified that determine the conceptual development of the socalled "Smart (digital) agriculture", which contribute in every way to ensure highly rational social, economic, technical and technological development of the agricultural sector.

Diversification strategy in agro-industrial complex

The relevance of the topic of the article is determined by the importance of diversification of production aimed to increase the competitiveness of agro-industrial complex at the present stage of economic development. The goal is to analyze the features of transformation of organizational and production structure of agricultural enterprise, which consists in supplementing it with new types of products, technologies, suppliers, etc. Objectives to show the importance of diversification processes to ensure sustainability of agricultural producers to negative changes in the external and internal environment. Results – it is noted that the priority areas of diversification in agro-industrial production include the organization of new branches of crop and livestock production, the inclusion of productive species, varieties or hybrids of crops in crop rotations, the development of processing sectors, the system of material and technical supply and marketing of products, etc. commodity diversity, reorientation of sales markets in agro-industrial complex is especially important in view of high risks of doing business associated with the high dependence of its results on weather conditions of the year, soil and natural-climatic factors, etc. The conducted analysis shows that the important conditions for deepening structural restructuring include developed agricultural policy of the State, a system of effective measures for regulating and supporting the industry, attracting investment in the development of agricultural sector and financial markets. The performed studies allowed us to draw the following main conclusions – diversification of production is a promising direction for the development of economic activity of enterprises, ensuring the growth of their proceeds from product sales, profits and profitability.

DEVELOPMENT AND MANAGEMENT OF INTEGRATED Sezs AS STIMULUS TO ECONOMIC GROWTH

SEZs are considered as an economic tool since its first introduction but still there exist a very little evidence to date to figure out the factors of its vital outcome and success. This paper is aimed to evaluate different aspects of SEZs by investigating the growth of SEZs in developing and under developed economies of the world. For the generation of economic / business activities and employment opportunities, the investment in Industrial Sector Development is critical and a strong innovative economy can help to address the need for economic growth for targeting poverty and acceleration of socio-economic development. In the past decades number of SEZs has grown from Asia to Europe where SEZs play key role in economic prosperity and internationally most of the countries utilize their SEZs to attract foreign investors which will open the doors of employment for the population. However, not all SEZs play remarkably well like China’s Shenzhen but China’s performance in this area is a bench mark for the entire world as it achieves immense growth through its ventures of SEZs. It is estimated that almost 66m jobs are created by the SEZs all around the World out which almost 30m located at China. In Pakistan CPECis the project,transformingthe Country and opening the doors of new business opportunities, making the country as an internationalinvestmentdestination. The objective of establishing Special economic zones under the China Pakistan economic corridor is to keep the wheel growth moving as it accelerates the pace of social prosperity through surge in trade, expanding export and self-sufficiency by import substitution. With 9 special economic zones (SEZs) under CPEC yet to get operational in Pakistan, it remains to be seen if the government's plan of setting up prioritized SEZs with both Greenfield and Brownfield investment will achieve desired results and not become "land grabbing real estate ventures". This study is an attempt to explore the potential of industrialization along with the policy implications necessary for sustainable growth of these SEZs. Success of these SEZs lie under its legislation, provision of utilities, level of federal autonomy and the flawless management system.Differences in theaffectivity of SEZs are owned bythe particularities of the territories andnaturalendowmentswherethese zones are developed host country labor cost, market size and infrastructure are crucial and the delivery of positive outcome also largely depends on its geographical positions (Alexey Kuznetsov and Olga Kuznetsova, 2019). Establishment of sector specific zones for targeting tourism and agriculture sector development will also support the objective of socio economic development but still need special focus to develop basic infrastructure to attain sustainable development. This study will come up with the best suggested sustainable framework that bring high jumps of growth by contributing in the national output

ПУБЛІЧНЕ АДМІНІСТРУВАННЯ У СФЕРІ ОПОДАТКУВАННЯ АГРАРНОГО СЕКТОРУ УКРАЇНИ

The analysis of the problems of public administration in the field of taxation of Ukrainian agriculture at the present stage is carried out. The scientific works devoted to these issues are analysed. Theoretical principles of public administration are considered. The category "public administration" in the context of modern scientific thought is reviewed. The system and legal bases of tax administration in the domestic agro-industrial sector are studied. The most problematic issues of the tax burden in the agricultural sector are highlighted. The urgency of the issue of reducing the tax burden is indicated. It is noted that tax administration in the domestic agricultural sector of the economy is extremely important and requires the development of a system of effective regulators and optimization mechanisms by the state. At the same time, the direction of such state support should concern first of all small agricultural enterprises and the provision of an appropriate investment and innovation platform for the development of the domestic agricultural sector. It is concluded that the current public administration priorities in the field of taxation of the agricultural sector of Ukraine's economy should be the formed state position, aimed primarily at implementing: simplified, but at the same time, fair and transparent taxation procedure; taking into account the specifics and features of domestic agricultural business depending on the natural and territorial components; ensuring the need to update the active part of the material and technical base, taking into account the relevant tax regulation of agricultural production (development of a simplified tax mechanism).

Calculation of livestock products cost in the Republic of Kazakhstan

The goal is to develop recommendations on the optimal system for the formation of cost of production, since calculation methods currently existing at the enterprises of meat and dairy industry do not allow for a sufficiently accurate determination of the actual cost of individual types of products of a large assortment, which makes it difficult to assess its economic feasibility. In this regard, the tasks are set improving production cost management system and development in practice of new non-traditional mechanisms for obtaining information about the costs and results of production activities. Results – it is shown that one of the backbone sectors of economy is agriculture. Regardless of soil and climatic conditions, even developed industrial countries are investing heavily in the development of domestic agricultural sector. It is noted that the important aspect of the activity of agricultural entity is income generation and business activities. In this context, the application of new approaches to the methods of accounting, analysis and cost control will make it possible to manage production cost and solve the problems of effective functioning of meat and dairy production enterprises. The article discusses methods of calculation in meat and fat industry, issues of anchor cooperation with the involvement of investors. Conclusions – in production of meat and dairy products, a reasonable calculation of products costs plays a special role, which is important when checking the costs associated directly with its sale and provides an opportunity to expand access for all segments of the population.

Ensuring food security of the Republic of Kazakhstan in the context of COVID-2019

The goal is to consider the issues of ensuring food security of the Republic of Kazakhstan and ways of solution. Food policy is the basis of national security and an important direction for the development of agricultural sector of the economy, the essence of which is to increase the level of economic growth, which makes it possible to maximally satisfy the urgent needs of the population and have sufficient public reserves, active payments and trade balances. Objectives – to show the need to increase the competitive advantages of food products on domestic market, as well as to create a domestic brand of goods. Results – The profound impact of COVID-2019 on food systems has been analyzed, which for a variety of reasons has threatened people's access to food worldwide. It was revealed that in the conditions of the Eurasian Economic Union, the development of interstate integration, implementation of a single food issue and measures to ensure food security, important aspect is maintaining the balance of interests of the common market for agricultural products and protecting the sovereignty of the EAEU member States. The article analyzes production of the main types of agricultural products in Kazakhstan (1990-2020), the level of self-sufficiency in the country in meat, milk, eggs, potatoes, vegetables and melons, etc. The dynamics of changes in livestock population, as well as the growth of production of meat in the republic and the world, food consumption per capita is presented. The authors provide data in terms of comparison of agricultural output in the EAEU countries. The volumes of export of Kazakhstani grain and flour are indicated. In the final part of the article, perspective directions of ensuring food stability in the Republic of Kazakhstan are considered. Conclusions – to ensure the country's food independence, it is necessary to pursue a policy of import substitution, use preferential micro-lending, and develop foreign trade activities from narrowly oriented exports to diversification of goods.

Contribution of Agriculture Sector in Economic Growth of Pakistan: An Empirical Analysis

There has been controversy in the field of development economics about the significance of the role of agriculture sector in economic growth. Going through the data, it indicates that agriculture sector is significant contributor to the economy of Pakistan as it contributes about 19% in national GDP. This study was designed to statistically test the contribution of agriculture sector in economic growth of Pakistan through estimation of relationship between agriculture sector and Pakistan’s economic growth using Autoregressive Distributed Lag (ARDL) bounds test and Error Correction Model (ECM). Time series data on selected variables was utilized from 1961-2018. Study found that real agricultural value added has a significant positive impact on real GDP per capita in the long-run where one percent increase in real agricultural value added increases the real GDP/capita by 0.35%. This indicated that the promotion of agriculture sector leaves far reaching effects with respect to economic growth of the country. These results advocated for the development of agriculture sector in line with the long-term goals of economic growth and emphasized in investing in agriculture sector. Coefficient of error correction term (ECT) is -0.62 meaning that if there is any disequilibrium, it will restore @ 62 percent in the first period. Results also proved the importance of capital formation both the physical capital and human capital. Finding suggested that we should investment in human health to enhance the economic growth as suggested by exogenous growth theory. Moreover, it can also be suggested to create conducive environment and economic opportunities to reap the benefits of demographic dividends of decreased mortality in the long-run. As per analysis, maintaining stability is critically important for economic growth. Moreover, literature hypothesize the positive effect of TOT for economic growth, but analysis indicated that TOT has not been able to put any significant impact on economic growth. Further, trend analysis also pointed out that TOT has been fluctuating over the time. It can be inferred from the analysis that there is need to stabilize TOT and restructure the exports of the country to generate the significant positive impact.

Ecological and economic fundamentals of agricultural sector development in the context of cross-border cooperation

The article analyzes and substantiates the current state of Ukraine’s agricultural sector and cross-border cooperation with neighboring countries of the European Union. The main tasks and impact of cross-border cooperation are identified. A conceptual model for the development of cross-border cooperation in the agricultural sector has been formed, which will provide a sequence of assessments of the development of border areas on both sides of the border. The basic indicators for assessing the effectiveness of crossborder cooperation in environmental, economic and social development of Euroregions are determined, as well as their indicators are analyzed on the example of such border regions of Ukraine as Volyn, Zakarpattia, Ivano-Frankivsk, Lviv and Chernivtsi regions. The current state of Euroregions of Ukraine is characterized and recommendations are given to increase competitiveness, intensify economic activity of Euroregions, which are based on the periphery, forecasting the natural resource base of farms. It is proved that for effective development of ecological and economic bases of agrarian sector it is expedient to introduce economic tools on realization of export potential of agrarian sector of economy which will be combined among themselves on such aspects as institutional-regulatory, organizationaleconomic, production-technological and informationcommunication and will increase the functionality of preventive mechanisms to protect national and regional interests in border areas on both sides of the border and will form the preconditions for strengthening environmental, economic and foreign economic activity of cross-border and border regions.

Державна підтримка аграрного сектору у контексті зміцнення його економічної безпеки

Abstract. Introduction. The article is devoted to the problems of ensuring the appropriate level of state support for the agricultural sector in the context of strengthening its economic security. The purpose of the article is to reveal the organizational principles of state support for the agricultural sector, analysis of its effectiveness. Results. The importance of ensuring the appropriate level of state support for the agricultural sector in terms of strengthening and economic security further development has been substantiated. The forms of state support for the agricultural sector have been considered in the article. The programs with the help of which the state support for the agricultural sector is carried out today have been analyzed. The dynamics of state funding of individual programs to support domestic farmers has been studied. The period 2010-2019 there was a constant underfunding of the planned amounts of state support for the agricultural sector. The negative dynamics of activity indicators of the agricultural sector enterprises since 2015 has been revealed, which was caused by the imperfect mechanism of state industry support. The results of the program implementation of financial support of agricultural producers in partial compensation of machinery and equipment cost of domestic production have been studied, as well as the analysis of the programs of cheaper loans in the agricultural sector of Ukraine. Conclusions. It has substantiated that one of the main tasks for today is to develop a normative document that will determine the key aspects for further strengthening the economic security of the agricultural sector and will be a part of Ukraine's agricultural policy. Thus, the development of the Strategy for the economic security development of the agricultural sector will determine the main directions for further industry development and create an effective mechanism for managing the economic security of the agricultural sector. One of the key areas of strategy implementation should be: ensuring sufficient state support for the agricultural sector, its permanent implementation and affordable conditions, further expansion of state support, as well as increasing its volume to the necessary limits; as well as the formation of financial and credit support for the agricultural sector development on an institutional basis.

Farmers’ Opinion on Cost and Benefit of Agriculture Insurance

Agriculture development is an index of country’s progress because the development of all other sectors depends upon the development of agriculture sector. But, the development of agriculture is affected by natural disasters. Agriculture insurance is an only protective mechanism against the perils present in agriculture. It largely solves the problem of farmers and largely in the hands of farmers. The subscription and success of agriculture insurance is determined by its cost and benefit. If the farmers have positive opinion on cost and benefit of agriculture insurance they will come forward to subscribe and stabilize their wealth and sustain the economic growth of nation by agriculture. This phenomenon, induce the researchers to stumble upon the solution to assess the opinion of farmers on cost and benefit of agriculture insurance and to test the significant difference in the farmers’ opinion on cost and benefit of agriculture insurance. The primary data collected from 600 farmers availing agriculture insurance within Tirunelveli District in the Indian State of Tamil Nadu to make an in-depth study to address the above issues. The respondents were selected by adopting stratified random sampling technique. The collected data were analyzed by applying Percentage Analysis and Sign test. The study revealed that green insurance is a beneficial plan to the farmers to face the negative income shock at reasonable premium. The majority of the respondents felt that agriculture insurance has covered 0-50% risk. Sign Test proved that there is a significant difference in the opinion of farmers on the cost and benefits of agriculture insurance. Technological adoption in the estimation of loss of crop yield, prompt settlement of claims and additional perils at additional premium are suggested mission to enhance the vision of the farmers on cost and benefits of agriculture insurance. Besides, it helps the farmers to lead a peaceful life and induce them to contribute more towards sustainable agriculture development of the country.