Agriculture today is a business proposition and no more it is regarded as a way of life. Therefore, any decision pertaining to resource organization, allocation, production planning and enterprise selection are all-important areas of farm decision making. Risk is inherent in every form of enterprise, but its intensity in input-output relation in agricultural production is comparatively high.Agricultural activities are exposed to controllable and uncontrollable risks. Controllable risks are typically pests, diseases, weeds, and seed material. Uncontrollable risks are rainfall and its deficit...