In agriculture there are risks beyond one’s control. Hence precautionary measures are to be considered to control damage faced by farmers. Farmers who take crop insurance protect their crop and families from unforeseen setbacks.
The advantages of crop insurance are,
1. Stability in Income
2. Minimal Debts
3. Farmers can safely invest on new technological advancements to improve their crop production.
4. Protection against loss of crops
5. Provides Awareness on natural calamities and the preventive measures to be taken