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    Kushankur Dey

    Kushankur Dey

    Associate Professor
    Agribusiness Management

    Kushankur Dey is an Associate Professor at the Indian Institute of Management Lucknow and joined the institute in September 2019 as an Assistant Professor in Agribusiness Management Area. He has held the Chairmanship at the Centre for Food & Agribusiness Management of IIM Lucknow from September 21, 2020, to September 20, 2022. Before joining IIM Lucknow, he served in the faculty of IIM Bodh Gaya, and a few private B-Schools.

    Dey is a Fellow in Rural Management from the Institute of Rural Management Anand and a Postdoctoral Fellow of the Centre for Management in Agriculture at the Indian Institute of Management Ahmedabad.

    Dey has 25-odds peer-reviewed research articles to his credit that have appeared in international and national journals, namely Electronic Markets, Journal of Cleaner Production, Journal of Behavioural and Experimental Finance, Journal of Rural Studies, Economic and Political Weekly, Applied Economics Letters, Cogent Economics and Finance, Journal of Agribusiness in Developing and Emerging Economies, International Journal of Trade and Global Markets, International Journal of Financial Markets and Derivatives to name a few. He has about 100-odd Op-Eds and columns that appeared in Hindu Business Line, Financial Express, Business Standard, Odisha POST, Indian Management, and Business World. Dey has several book chapters and teaching cases to his credit, including the Asian Journal of Management Cases, Ivey Publishing, SAGE Business Cases, Emerald Emerging Markets Case Studies, and Asian Case Research Journal. Dey is a reviewer of several peer-reviewed journals like the Journal of Rural Studies, Technovation, Journal of Cleaner Production, IIMB Review, Vikalpa, Journal of Agribusiness in Developing and Emerging Economies, and Climate and Development, to name a few.

    He has undertaken several funded research and consultancy projects, namely concurrent evaluation of Minimum Support Price-based foodgrains procurement in Uttar Pradesh, concurrent evaluation of National Food Security Act Phase II for Uttar Pradesh, Chhattisgarh, and Uttarakhand, stakeholders' survey of mentha oil futures market at the auspices of Multi Commodity Exchange of India, evaluation study of grant-based financing for cluster development of MSMEs, and impact evaluation of blended financed Climate-Smart Agriculture, climate risk-induced potential-linked credit plan for the NABARD for Jhansi of Uttar Pradesh funded by the GIZ India, and the World Bank Group (IBRD) sponsored assessment of the marketing strategies of the state-owned milk federation projects, economic viability and sustainability of Take Home Ration service units promoted by the National/ State Rural Livelihoods Mission, and the NABARD-sponsored study on FPOs' credit linkage with financial institutions between 2017 and up until now. Notably, The Ministry of Agriculture and Farmers' Welfare funded a research study titled Farmers' participation in India's futures market: potential, experience and constraints is one of his long-drawn research works brought out by Springer Nature in association with the Centre for Management in Agriculture of IIMA in August 2021.

    Dey is a National Resource Person for the National Rural Livelihood Mission appointed in 2018, and he is a member nominated by the Director of IIM Lucknow in CII–Food and Agriculture Centre of Excellence National Council on Agriculture for 2024–25.

    Current Research Interests

    • Sustainability and green financing
    • Blockchain and IoT for sustainable e-agriculture
    • Agricultural markets, pricing, and trade
    • Risk Management in Agribusiness

    Referred Journals publication (Select publications)

    • Kushankur Dey & Gaurav Gairola (2024). Is suspending agricultural futures justified? Empirical findings and implications. [Special Article] Economic and Political Weekly. Vol. 59, no. 9, pp. 56-64. [ABDC ‘B’]
    • Sarita Kumari, A. Pandey, A. Soni, A. Mehta, A. Kumar, & Kushankur Dey (2024). Assessment of functional efficacy of sheep plasma protein hydrolysates and their utilization in mutton sausage. Meat Science, Vol. 212. https://doi.org/10.1016/j.meatsci.2024.109469.
    • Neeraj Singh, Avinash Kumar, & Kushankur Dey (2023). Unlocking the potential of knowledge economy for rural resilience: the role of digital platforms. Journal of Rural Studies 104,  https://doi.org/10.1016/j.jrurstud.2023.103164
    • Gaurav Gairola & Kushankur Dey (2023). Moderators of pricing and willingness to pay for parametric weather risk mitigants in agriculture: An integrative review, conceptual framework, and research agenda. Cogent Economics and Finance, Vol. 11, No. 2, https://www.tandfonline.com/doi/full/10.1080/23322039.2023.2254579 [ABDC ‘B’].
    • Neeraj Singh & Kushankur Dey (2023). A typology of agricultural market information systems and its dimensions: Case studies of digital platforms. Electronic Markets: The International Journal on Networked Business, Vol. 33 [ABDC ‘A’].
    • Avinash Kumar, Kushankur Dey, & Kriti Bardhan Gupta (2023). Food Corporation of India: Making public procurement more inclusive and efficient. Asian Journal of Management Cases [ABS ‘1’] DOI: 10.1177/09728201231168246.
    • Kushankur Dey & Debasish Maitra (2022). Electronic agriculture spot markets: Status, impact, and architecture. Economic and Political Weekly. Vol. 57, No. 30, pp. 45–52. [ABDC ‘B’]
    • Gaurav Gairola & Kushankur Dey (2022). Price discovery and risk management in asset class: a bibliometric analysis and research agenda. Applied Economics Letters. Vol. 30, No. 17, pp. 2320-2331.  https://doi.org/10.1080/13504851.2022.2096859 [ABDC ‘B’]
    • Kushankur Dey & Pradeep Kumar Mishra (2022). Mainstreaming blended finance in Climate-Smart Agriculture: Complementarity, Modality, and Proximity. Journal of Rural Studies, Vol. 92, pp. 342-353. [ABS ‘3’]
    • Kushankur Dey & Umedsingh Shekhawat (2021). Blockchain technology for sustainable e-agriculture: Literature review, architecture for data management, and implications. Journal of Cleaner Production. Vol. 316, 128254. [ABDC ‘A’]
    • Samant Saurabh & Kushankur Dey (2021). Blockchain technology adoption, architecture, and sustainable agri-food supply chains. Journal of Cleaner Production. Vol. 284, 124731. [ABDC ‘A’]
    • Samant Saurabh & Kushankur Dey (2020). Unravelling the relationship between social mood and the stock market: evidence from the United Kingdom. Journal of Behavioural and Experimental Finance, Vol. 26, pp. 1-9. [ABDC ‘A’]
    • Pradeep Kumar Mishra & Kushankur Dey (2018). Governance of agricultural value chains: Coordination, control, and safeguarding. Journal of Rural Studies, Vol. 64, pp. 135-147. [ABS 3]
    • Kushankur Dey (2018). Farmer Producer Companies in India: Determinants of performance and viability. Economic and Political Weekly, Vol. 53, No 44., pp. 44-52 [ABDC ‘B’].
    • Kushankur Dey & Debasish Maitra (2017). Agriculture Insurance in India: Promise, Pitfalls, and the Way Forward. Economic and Political Weekly, Vol. 52, No. 52, pp. 88-96 [ABDC ‘B’].
    • Nilanjan Ghosh & Kushankur Dey (2015). Opportunities and challenges of regulatory convergence in India’s financial sector: The case of the SEBI-FMC merger. Economic and Political Weekly, Vol. 50, No. 36, pp. 64-70 [ABDC ‘B’].

    Conference Proceedings:

    • 2017 - Agriculture insurance in India: Promise, pitfalls, and the way forward. Presented in the First International Conference on Rural Management in November 23-24 at Xavier University Bhubaneswar (with D. Maitra)
    • 2016 - Viability and sustainability of farmer organizations in India: Anecdotes of three producer companies presented in the International Conference on Agribusiness in Developing and Emerging Economies held in January 6-7, 2016 at Anand (with Ateeq Shaikh and Baljeet Singh)
    • 2015 - Do farmers adopt futures markets in India? A field-based experiment accepted for presentation in the Fourth Annual International Agricultural Risk, Finance, and Insurance Conference held in Washington DC, June 7-9 2015 (in absentia).
    • 2013 - Is India’s rubber futures market efficient and dependent on Asian markets? accepted for presentation in Eastern Finance Association (EFA) 49th Annual Meeting at Florida, USA, April 10-13, 2013 (in absentia). (with D. Maitra and S. Alur)

    Newspaper Articles/ Columns (2023-24):

    • Kushankur Dey (2024). Bankers must factor in climate risk in farm loans. Hindu Business Line. April 22, 2024.
    • Kushankur Dey & Hemangee Das (2024). Legally guaranteed MSP fine for pulses, oilseeds. Hindu Business Line. March 8, 2024 (print version).
    • Kushankur Dey (2024). Boosting the leasing market for agri equipment. Hindu Business Line. January 30, 2024 (print version).
    • Kushankur Dey (2024). Financial inclusion of farmers – the digital way. Hindu Business Line. January 4, 2024. (print version).
    • Kushankur Dey & Aashi Jain (2023). How to embrace ‘digital agriculture’. Hindu Business Line, November 9, 2023 (print version).
    • Avinash Kumar & Kushankur Dey (2023). Uplifting Vishwakarma for a better life and livelihood. Hindu Business Line. October 11, 2023 (print version).
    • Kushankur Dey, Aashi Jain, & Prajakta Jagdeo Thikade (2023). Agriculture Infrastructure Fund could do with a review. Hindu Business Line. September 7, 2023 (print version).
    • Kushankur Dey & Kaushik Basu (2023). Can PRANAM reduce the fertilizer subsidy bill? Hindu Business Line. August 31, 2023 (print version).
    • Kushankur Dey (2023). A few nudges can help protect the planet. Hindu Business Line. June 15, 2023 (web traction). https://www.thehindubusinessline.com/opinion/a-few-nudges-can-help-protect-the-planet/article66971089.ece.
    • Kushankur Dey (2023). Regulatory convergence for commodities: The pluses and minuses. Hindu Business Line, June 10, 2023 (web traction).  https://www.thehindubusinessline.com/markets/commodities/regulatory-convergence-for-commodities-the-pluses-and-minuses/article66953404.ece.
    • Kushankur Dey (2023). Resume trading in the suspended agri-derivatives. Hindu Business Line, May 17, 2023 (web traction)  https://www.thehindubusinessline.com/economy/agri-business/resume-trading-in-suspended-agri derivatives/article66860224.ece#:~:text=In%20October%202022%2C%20the%20Commodity, suspension%20continues%20until%20December%202023.
    • Kushankur Dey & Avinash Kumar (2023). Need a bottom-up action plan to tackle climate change challenge. Hindu Business Line. April 28, 2023 (print version)
    • Kushankur Dey (2023). Sensible regulation needed for agri-derivatives. Hindu Business Line. March 16, 2023 (print version).
    • Kushankur Dey & Avinash Kumar (2023). Digital public infra alone can’t lift farm fortunes. Hindu Business Line. February 20, 2023 (print version).
    • Kushankur Dey & Deepak Chamola (2023). How Budget can boost farmer enterprises. Hindu Business Line. January 31, 2023 (print version).
    • Kushankur Dey & Sukriti Tripathi (2023). Farm sector’s pesticide dilemma. Hindu Business Line. January 17, 2023 (print version)

    CONSULTANCY STUDIES (COMPLETED)

    • Assessment of Marketing Strategies of State-level Dairy Federations (with Prof. Sanjeev Kapoor). Funded by the World Bank Group (INR 51.979 lakh), November 4, 2022–March 15, 2023 [Completed] undertaken at IIM Lucknow.
    • Regulatory Landscape in Equity Derivatives versus Commodity Derivatives Markets in India. Funded by the Multi Commodity Exchange (MCX) of India Ltd. (INR 7.457 lakh) October 2022–January 2023 (Completed) undertaken at IIM Lucknow.
    • Climate Adaptation and Finance in Rural India (CAFRI-NABARD/21/S/005) – Developing bankable business plan for FPOs involved in garlic & ginger value chains in Sirmour, Himachal Pradesh in India (with Prof. K. B. Gupta). Funded by the German International Development Cooperation (GIZ) India (INR 8.137 lakh) December 2021–May 2022 [Completed] undertaken at IIM Lucknow.
    • Concurrent evaluation of National Food Security Act (NFSA) II for Uttar Pradesh, Uttarakhand, and Chhattisgarh 2020-21 (with Prof. K. B. Gupta). Funded by the Ministry of Consumer Affairs, Food and Public Distribution (INR 8.897 lakh) March 2021–May 2022 [Completed], undertaken at IIM Lucknow.
    • Evaluation study of the SFURTI Scheme (with Dr. C. M. Mishra). Funded by the Ministry of Micro, Small, and Medium Enterprises. September 2020–June 2021 (INR 23.60 lakh) [Completed], undertaken at IIM Lucknow.
    • A survey-based study of mentha oil futures (with Prof. K. B. Gupta). Funded by the Multi Commodity Exchange of India Limited. October 2020–January 2021 (INR 8.437 lakh) [Completed], undertaken at IIM Lucknow.
    • Concurrent evaluation of rice/ paddy procurement operations in Uttar Pradesh during the Kharif Marketing Season 2019–20 (with Prof. K. B. Gupta). Funded by the Food Corporation of India, Uttar Pradesh. December 2019–March 2020 (INR 8.567 lakh) [Completed], undertaken at IIM Lucknow.
    • Evidence-based scientific study of economic and environmental aspects of two UPNRM business models in Odisha (with Prof. P. K. Mishra). Funded by the German International Development Cooperation (GIZ), August 2017–March 2018 (INR 13.41 lakh) [Completed], undertaken at the XIM (formerly Xavier University) University Bhubaneswar.
    • PGP-ABM level

      Risk Management in Agri-business

      Agricultural Commodity Derivatives Markets

      ICT in Agri-business

    • FPM/ EFPM level

      Seminar course on ICT in Agri-business

      Commodity Derivatives & Risk Management

      Agri-business Value Chains 

      Research Methods in Agri-business

    • Business Models of Agribusiness Finance

    • Post-Doctoral Fellow [Indian Institute of Management Ahmedabad] April 2014–December 2015, Centre for Management in Agriculture. 
      Research project title: Farmers’ participation in India’s futures market: Potential, Experience and Constraints (with Vasant P. Gandhi and Kanish Debnath) The manuscript is available at https://www.iima.ac.in/c/document_library/get_file?uuid=507561d6-f77b-4226-b3a4f3dfb9ed0fb0&groupId=62390&filename=Farmer-Participation-Futures-MarketsFinal%20Report%20v3
    • Fellow in (Rural) Management [Institute of Rural Management Anand] June 2007– April 2013 with a CGPA of 3.091/4.33 (during the course work)
      Dissertation/thesis title: Price discovery in India’s futures markets: An empirical exercise with select commodities.
    • Post-graduate diploma in Agri-business & Supply Chain Management [National Institute of Agricultural Extension Management (MANAGE), Hyderabad] – April 2004–March 2005 with specialization agri-supply chain management – GPA/% of Marks- 80%.
    • Bachelor of Agricultural Sciences [Bidhan Chandra Krishi Viswavidyalaya, Mohanpur, Nadia, West Bengal] – August 1999–July 2003 with a CGPA of 8.05/10.
    • “Significant contribution to Academic Research and Policy Advocacy” conferred by the National Commodity & Derivatives Exchange (NCDEX) on May 19 2023.
    • “Excellence in Agribusiness Management” conferred by INRC and World Research Council May 17, 2023.
    • Best Researcher Award for the category ‘International Research Awards on New Science Inventions’ conferred by Science Father 2022, a Scifax company registered and approved by the Ministry of Corporate Affairs.
    • Best Faculty Award under the aegis of International Scientist Awards 2022 on Engineering, Science, and Medicine conferred by VD Good Technology Factory.
    • Best Researcher Award for ‘the contribution and honourable achievement in innovative research’ conferred by Science Father 2021, a Scifax company registered under the Ministry of Corporate Affairs.
    • Best Researcher Award for the category ‘International Research Awards on New Science Inventions’ conferred by Science Father 2020, a Scifax company registered and approved by the Ministry of Corporate Affairs.
    • Recipient of the Sitaram Rao Livelihood Case Study Award (the first runner up) 2019. Sponsored by the Access Development Services, New Delhi and Vaya Trust.
    • National Resource Person (Grade B) for National Rural Livelihood Mission programme under value chain/livelihoods. Ministry of Rural Development, Government of India.
    • Recipient of Reserve Bank of India Chair-unit Fellowship during Fellow Programme in Rural Management at the Institute of Rural Management, Anand.
    • Recipient of INFOCOM Future Leadership Award for White Paper Writing competition by Ananda Bazaar Patrika & Business World in January 7-9, 2009.
    • Indian Council of Agricultural Research awarded Junior Research Fellowship for the Masters’ Programme in Agriculture Sciences.
    • Undergraduate Merit scholarship in the undergraduate program at Bidhan Chandra Krishi Viswavidyalaya.
    • Secured 84th rank in Madhyamik Examination (equivalent to 1oth standard) conducted by the West Bengal Board of Secondary Education, 1997.