Uncertainty and risk are typical factors of Indian agriculture. To withstand the harsh risk, prior calculation, pre-framed policies and efficient implementation of these at the local as well as at the national level can help the farmers. It helps withstand huge burdens as a result of agricultural flaws due to natural calamities. This paper discusses the main issues and driving forces of risk in paddy cultivation in the Kuttanad area of the Alappuzha district in Kerala. The assessment is done through a questionnaire survey to the farmers and provides a risk mitigation strategy for the discussed problem.