As the clock struck 17:05 on 29th March 2008, I completed 27 years of existence on the 3rd rock from the Sun. I cant call this journey successful yet as the end objective has not yet been achieved (the end objective has not even been set yet for that matter :-) ). But the journey has surely been a pleasure. I have decided to zero in on short term and long term objectives for myself. I tried living each day as it comes. But the pleasure seems to be momentary and short lived...only for the day. I guess setting goals for oneself and achieving them over time will give more satisfaction. It is just another thing I want to try.
Most products have the cost of failure built into the price of the product. For example, a film. When a film gets made, there are so many things at stake, that the all these risks are covered by the premium on the ticket. If a film ticket was prices simply by dividing the cost + profit by the number of people watching, it would be pretty cheap. Or consider for example, the price of a car. The insurance premium that the manufacturer pays is built into the cost of the car. Or say a doctor, who conducts very risky operations get paid highly...and now you ask what's the point?? The point is, this doesn't happen with a farmer.A farmer faces all the vagries of nature or monsoon. Alll his risks are unmeasurable and unpredictable. But does he get to decide his pricing? Why does market not behave perfectly when it comes to agriculture? Why doesn't the theory of high risk - high return apply to agriculture? How does a farmer hedge his risks then is the main question! The answer as I ...
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