Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Effectiveness of Farmers Risk Management Strategies in Smallholder Agriculture: Evidence from India Subject The topic of the resource Adaptation strategies; Climate risks; Farm income; India; Risk exposure Description An account of the resource Smallholder farmers in developing countries are more vulnerable to climate risks, and most of them, because of a lack of access to institutional risk management measures such as crop insurance, rely on traditional measures to offset the adverse effects of such risks on agricultural production. Employing a multinomial endogenous switching regression technique to the farm-level data, this study first identifies the determinants of farmers own risk management measures and then evaluates their impacts on farm income and downside risk exposure. There are three key highlights of this analysis. One, farmers, based on their past exposures to climate risks, endowments of resources, and access to credit and information, often use more than one measure or strategy to mitigate, transfer, and cope with the climate risks. Two, all the risk management strategies are found to be effective in improving farm income and reducing risk exposure, but it is their joint implementation that yields larger payoffs. Three, the joint adoption of different adaptation strategies is positively associated with farm size, but with liquidity and information constraints relaxed, the probability of their joint adoption is expected to increase further. These findings impinge on the concept of climate-smart agriculture and suggest the need to identify and integrate traditional farm management practices with science-based innovations to provide an effective solution to climate risks. 2021, The Author(s), under exclusive licence to Springer Nature B.V. Creator An entity primarily responsible for making the resource Birthal P.S.; Hazrana J.; Negi D.S. Source A related resource from which the described resource is derived Climatic Change, Vol-169, No. 45750 Publisher An entity responsible for making the resource available Springer Science and Business Media B.V. Date A point or period of time associated with an event in the lifecycle of the resource 2021-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1007/s10584-021-03271-1" target="_blank" rel="noreferrer noopener">https://doi.org/10.1007/s10584-021-03271-1</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85121298425&amp;doi=10.1007%2Fs10584-021-03271-1&amp;partnerID=40&amp;md5=759028ccac24b4a0602ade4e8c86903b" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85121298425&amp;doi=10.1007%2fs10584-021-03271-1&amp;partnerID=40&amp;md5=759028ccac24b4a0602ade4e8c86903b</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 1650009; CODEN: CLCHD Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Birthal P.S., ICAR-National Institute of Agricultural Economics and Policy Research, New Delhi, 110 012, India; Hazrana J., CHRIST (Deemed to be University), NCR Delhi, Ghaziabad, 201003, Uttar Pradesh, India; Negi D.S., Indira Gandhi Institute of Development Research, Mumbai, 400 065, India