Farmers’ Participation in India’s Futures Markets

Kushankur Dey is Chairman and Assistant Professor of the Centre for Food and Agribusiness Management at the Indian Institute of Management, Lucknow. He is a Fellow in Rural Management (equivalent to PhD) from the Institute of Rural Management, Anand and holds Postdoctoral Fellow of the Centre for Management in Agriculture, Indian Institute of Management, Ahmedabad. Before joining IIM Lucknow, he has served on the faculty of IIM Bodh Gaya and several private management institutions. He has also worked with Kotak Mahindra Bank, Rallis India and NCML in managerial capacities. He has more than 15 research papers to his credit, and some of them have appeared in different professional journals such as the Journal of Cleaner Production, Journal of Behavioural and Experimental Finance, Journal of Rural Studies, Economic and Political Weekly, Journal of Agribusiness in Developing and Emerging Economies, Int. J. of Trade and Global Markets, among others. He has more than 50 Op-Ed articles in the Hindu Business Line, Financial Express, and Business Standard, and many book chapters/ teaching cases to his credit.  Vasant P. Gandhi is former NABARD Chair Professor and currently Visiting Professor, Indian Institute of Management, Ahmedabad (IIMA). He holds a Ph.D. from Stanford University and has been Chairman of IIMA's Centre for Management in Agriculture, Board Member of IIMA, and Founder Chairman of IIMA's Postgraduate Programme in Agri-Business Management. He has worked with the World Bank and the International Food Policy Research Institute (IFPRI) in Washington, and has been Visiting/ Adjunct Professor at University of Sydney, James Cook University-Australia and University of South Australia. He has published numerous books and over 100 research papers on topics ranging from economics, markets, agribusiness, finance, food & agriculture policies, institutions, and technology in agriculture. Kanish Debnath is Economics Faculty Member at the FLAME University Pune. He did his Doctoral (Fellow) Programme at the Indian Institute of Management Ahmedabad. He has been part of many research projects of government and private organizations. His research proposal was accepted for a grant of the ‘NSE-IFMR Finance Foundation (IFF) Financial Deepening & Household Finance Research Initiative’. He was been Visiting Lecturer for Masters in Agribusiness Economics Programme at Gokhale Institute of Politics and Economics, Pune. He has several publications.

• Chapter 1: Introduction.- Chapter 2: Development of India’s Commodity Futures Markets.- Chapter 3: Literature on Farmers’ Participation in Futures.- Chapter 4: Futures Market Efficiency in Price Discovery and Dissemination.- Chapter 5: Field Survey, Observation and Farmer Profile.- Chapter 6: Institution in Aggregation Effort and Farmer Participation.- Chapter 7: Constraints, Benefits and Scope of Farmer Participation.- Chapter 8: Factors Affecting Farmers’ Participation.- Chapter 9: Summary, Conclusion, and Policy Recommendations.