The family members of the deceased, identified as Prakash Nikhade, claimed that he was frustrated since he had lost cotton crop on four acres of land due to flood this monsoon.
However, the police said the cause behind Nikhade taking the extreme step is being investigated.
The incident occurred this evening at the house of the farmer in the village in Wani taluka, he said.
His family members rushed him to Wani rural hospital, where he died during treatment, the official said.
Nikhade is survived by his mother, pregnant wife and a minor daughter.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)