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Mixed farming pay dividends, reduce income variation

Islamabad: 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.

For more information, contact:
Pakistan Society Watch
President PSW
Syed Makhdoom Abbas
PRO Muhammad Imran
Tel: 0300-9898552
Web: http://www.pakistansocietywatch.com/

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