Mixed farming pay dividends, reduce income variation
Islamabad: (Nov 10) Mian Shahid, Chairman of Pakistan Society Watch (PSW)
on Thursday said farmers deserve help to take proper decisions to reduce
risks associated with their occupation.
Production risk is inherent in agriculture due to multiple factors
including dependence on weather that can be minimised through proper
intervention, he said.
Workshops, seminars, advertisement, distant education, and road shows can
enhance awareness among the rural population majority of which is directly
or indirectly associated with the agriculture, he said in a statement.
Mian Shahid said that livestock play an important role in risk control; it
improves household welfare through reduction in income variability. Mixed
farming enables rural families to decrease exposure to risk through
diversification, he added.
Grain prices are not advancing as fast as that of milk and meat which is
an added incentive, he said adding that sale of milk, yogurt, cheese,
butter oil and lassi promises daily flow of income.
Mian Shahid, who is also CEO of Saudi Pak Insurance Company, said that
incomplete or imperfect insurance markets always have a negative impact on
the farm management.
He said that concept of incomplete insurance has been expanding while
optimal risk sharing is yet to make inroads in the Pakistani market which
is necessary to support farming community.
Syed Makhdoom Abbas, President PSW said that agriculture accounts for
about one-fourth of the GDP, earns about 60 per cent of export revenues in
primary and processed forms, and provides employment for half of the
labour force, therefore it merits proper attention.
--
President PSW
Syed Makhdoom Abbas
PRO Muhammad Imran
Mobile: 0300-9898552
http://www.pakistansocietywatch.com/
Tariq Khattak, Islamabad, Pakistan.
GSM = 0300-9599007 and 0333-9599007
Email: Tariqgulkhattak@gmail.com
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