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Rural Livelihood Strategies

Essay by   •  August 25, 2015  •  Course Note  •  260 Words (2 Pages)  •  1,832 Views

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RURAL LIVELIHOOD STRATEGIES

Naranpur Express

Team: humLenge

Team Members:

Vimal Braj kumar (P36086)

Abhinav Kumar (P36092)

Learning:

Naranpur express has taught us what all factors influences the decision of the farmer. Some of the factor were under control of the farmer. It acquainted us with the various factors responsible for a cautious decision making problem. We were able to understand the livelihood of the farmer with the help of simulation. We also learn how to allocate resources that our returns are maximized. The effect of government policy on famers.

We were given a family of five, 1 full labor units and 1 half labor units along with the following NWS Statement:

Assets

Unit price at opening

No of Units at opening

Opening Value

Unit price at closing

No of Unit at closing

Closing Value

Land

5000

1

5000

5250

3

15750

Bullock

1000

0

0

1050

1

1050

Cow Inmilk

900

3

2700

945

3

2835

Cow Dry

500

3

1500

525

0

0

Well

12000

0

0

12600

0

0

Irrigation Hour

0

0

0

0

0

0

Fertilizer

2

0

0

2

0

0

Pesticides

5

0

0

5

0

0

Maize

2

0

0

2

700

1400

Maize Hyv Seeds

5

0

0

5

0

0

Maize Straw

1

0

0

1

4800

4800

Cotton

6

0

0

6

500

3000

Cotton Seeds

6

0

0

6

10

60

Cotton Hyv Seeds

12

0

0

12

10

120

Ghee

40

0

0

42

0

0

Milk

0

0

0

0

360

0

Cash in Hand

0

1000

0

0

2422

0

loan Taken from Bank

0

0

0

0

0

-54488

Total

10200

-23051

...

...

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