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LATEST NEWS UPDATES | 'Either there wasn't an economist in Swaminathan panel, or he didn't know economics' -Swapna Merlin

'Either there wasn't an economist in Swaminathan panel, or he didn't know economics' -Swapna Merlin

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published Published on Mar 17, 2018   modified Modified on Mar 17, 2018
-ThePrint.in

Renowned agricultural economist Sardara Singh Johl takes on father of green revolution M.S. Swaminathan’s idea of raising MSP to 1.5 times the production costs.

New Delhi:
Renowned agricultural economist Sardara Singh Johl agrees with M.S. Swaminathan, the man credited as the father of the ‘green revolution’, on the futility of loan waivers to ease farm distress.

But he disagrees with a much-touted recommendation of the committee on tackling the farm crisis Swaminathan headed — that farmers be given a minimum support price (MSP) that’s 1.5 times the production costs — saying it was not the answer.

“Either there were no economists in M.S. Swaminathan’s committee, or if there was an economist, he did not know economics,” Johl added.

Near contemporaries, Johl, 89, and Swaminathan, 92, have both emerged as titans of international renown in their chosen fields of agriculture — Johl is an economist, Swaminathan a geneticist.

The chancellor of the Central University of Punjab, Johl, a Padma Bhushan awardee, has served as consultant to the UN’s Food and Agricultural Organisation and the World Bank on international assignments. He has also chaired the commission on agricultural costs and prices, and served as a member of the economic advisory council for four prime ministers.

The Indian Council of Agricultural Research (ICAR) recognised his national and international prominence by designating him the professor of eminence in economics from 1986 to 1993.

What farmers need

Implementation of the Swaminathan committee recommendations and a loan waiver were among the demands of the thousands of farmers who undertook the ‘Kisan Long March’ last week from Nashik to Mumbai, and they have been accepted by the Maharashtra government.

Explaining his argument against the usefulness of MSP hikes, Johl said, “More than 80 per cent of the farmers in India are small and marginal farmers. Nearly 25 per cent of them make only distress sale at the time of harvest because they have the obligation to retire the loans they have taken.”

“Farmers do not belong to one group for prices to solve the issue. Small farmers don’t gain much from the price; they suffer because the farmers are consumers as well,” he added.

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ThePrint.in, 16 March, 2018, https://theprint.in/governance/loans-waivers-msp-hike-not-answer-farmers-problems-agricultural-economist/42381/


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