Recent years have witnessed stagnation in the growth of the agricultural sector. The price variability has increased with sharp swings in both product and input prices. Markets have been affected by macroeconomic factors and adverse weather conditions. Extreme weather conditions like drought and other climate variabilities have had a major impact on the agricultural sector. The need of the hour is to devise strategies to deal with the adverse conditions affecting the sector and revive the growth momentum. It is a great challenge and formidable task to arrest the decline and reverse the slowing growth of the agricultural sector.