Ladakh (34.0o N 77.5o E) in northern India is a mountainous region, where the mainstay of the economy is agriculture and livestock (Ehlers and Kreutzmann, 2000) and where the temperature ranges from +35 C to -35 C. Despite the harsh climatic conditions, Ladakhis have managed to develop a remarkably productive agricultural system to meet their subsistence needs. Nonetheless, agriculture and livestock production have suffered in the last two decades due to factors such as new alternative livelihood opportunities such as tourism, climatic uncertainties, poor market linkages for local products, etc.