The main objective of this paper is to document and assess risk- coping mechanisms of farmers in drought-prone areas of Asia. Farmers have, over time, developed a range of strategies to deal with a production shortfall and its impact on welfare. The visible symptoms of drought such as widespread hunger, destitution, and death surface when such strategies are inadequate to deal with the magnitude of the problem. It is essential to develop an in-depth understanding of farmers’ coping strategies so that technological and institutional interventions that complement such strategies can be developed.