Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <div align="justify">-Livemint.com<br /><br /><em>Policy should focus not just on higher production but also on helping farmers manage risks<br /></em><br />Anybody who is dismissive of the wave of farmer protests across the country should first understand the difficult everyday economics of the Indian agriculturalist. Most farmers swim in a turbulent sea of risks against which they have almost no protection.<br /><br />The risks begin with sowing. The production in the months ahead is deeply dependent on weather conditions. It is not just about the extremes of drought or flooding. Even a round of unseasonal rain can destroy standing crop. Irrigation can offer some respite&mdash;but not to the extent of completely removing production risks.<br /><br />Then comes the price risk. A bumper crop can pull down prices in wholesale markets. Price spikes after a poor crop are inevitably dealt with through cheap imports in a bid to protect consumers. The opposite is done less frequently. The bountiful rains of 2016 resulted in record farm output. Prices crashed. Farmers are reported to have not been able to even recover the cost for some crops. The prospects of a good monsoon pushed up rural wages. The reality of rock bottom prices then destroyed profit margins. Also, economists at HSBC showed in a recent report that the fall in inflation has increased the real debt burden of farmers, which has risen faster than real income in recent years.<br /><br />The opportunities for risk mitigation are minimal. Successive governments have taken steps to reduce the risk faced by farmers. The entire paraphernalia of minimum support prices (MSPs) was originally conceived as a way to mitigate risk through guaranteed prices. It later degenerated into a tool to buy the political support of large farmers. The Narendra Modi government in 2016 launched the Pradhan Mantri Fasal Bima Yojana, a potential game changer. However, as reported by this newspaper, farmers who suffered losses in the last financial year have not yet received compensation for 55% of the estimated claims under the scheme. Crop insurance will not benefit farmers as desired if the compensation is not paid in time, as they will need the money for sowing in the next season. The government would do well to remove inefficiencies in the system.<br /><br />Please <a href="http://www.livemint.com/Opinion/MBIA6MDAxLeF0sEmJTWpeJ/The-difficult-economics-of-the-Indian-farmer.html" title="http://www.livemint.com/Opinion/MBIA6MDAxLeF0sEmJTWpeJ/The-difficult-economics-of-the-Indian-farmer.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-Livemint.com<br /><br /><em>Policy should focus not just on higher production but also on helping farmers manage risks<br /></em><br />Anybody who is dismissive of the wave of farmer protests across the country should first understand the difficult everyday economics of the Indian agriculturalist. Most farmers swim in a turbulent sea of risks against which they have almost no protection.<br /><br />The risks begin with sowing. The production in the months ahead is deeply dependent on weather conditions. It is not just about the extremes of drought or flooding. Even a round of unseasonal rain can destroy standing crop. Irrigation can offer some respite&mdash;but not to the extent of completely removing production risks.<br /><br />Then comes the price risk. A bumper crop can pull down prices in wholesale markets. Price spikes after a poor crop are inevitably dealt with through cheap imports in a bid to protect consumers. The opposite is done less frequently. The bountiful rains of 2016 resulted in record farm output. Prices crashed. Farmers are reported to have not been able to even recover the cost for some crops. The prospects of a good monsoon pushed up rural wages. The reality of rock bottom prices then destroyed profit margins. Also, economists at HSBC showed in a recent report that the fall in inflation has increased the real debt burden of farmers, which has risen faster than real income in recent years.<br /><br />The opportunities for risk mitigation are minimal. Successive governments have taken steps to reduce the risk faced by farmers. The entire paraphernalia of minimum support prices (MSPs) was originally conceived as a way to mitigate risk through guaranteed prices. It later degenerated into a tool to buy the political support of large farmers. The Narendra Modi government in 2016 launched the Pradhan Mantri Fasal Bima Yojana, a potential game changer. However, as reported by this newspaper, farmers who suffered losses in the last financial year have not yet received compensation for 55% of the estimated claims under the scheme. Crop insurance will not benefit farmers as desired if the compensation is not paid in time, as they will need the money for sowing in the next season. The government would do well to remove inefficiencies in the system.<br /><br />Please <a href="http://www.livemint.com/Opinion/MBIA6MDAxLeF0sEmJTWpeJ/The-difficult-economics-of-the-Indian-farmer.html" title="http://www.livemint.com/Opinion/MBIA6MDAxLeF0sEmJTWpeJ/The-difficult-economics-of-the-Indian-farmer.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-Livemint.com<br /><br /><em>Policy should focus not just on higher production but also on helping farmers manage risks<br /></em><br />Anybody who is dismissive of the wave of farmer protests across the country should first understand the difficult everyday economics of the Indian agriculturalist. Most farmers swim in a turbulent sea of risks against which they have almost no protection.<br /><br />The risks begin with sowing. The production in the months ahead is deeply dependent on weather conditions. It is not just about the extremes of drought or flooding. Even a round of unseasonal rain can destroy standing crop. Irrigation can offer some respite&mdash;but not to the extent of completely removing production risks.<br /><br />Then comes the price risk. A bumper crop can pull down prices in wholesale markets. Price spikes after a poor crop are inevitably dealt with through cheap imports in a bid to protect consumers. The opposite is done less frequently. The bountiful rains of 2016 resulted in record farm output. Prices crashed. Farmers are reported to have not been able to even recover the cost for some crops. The prospects of a good monsoon pushed up rural wages. The reality of rock bottom prices then destroyed profit margins. Also, economists at HSBC showed in a recent report that the fall in inflation has increased the real debt burden of farmers, which has risen faster than real income in recent years.<br /><br />The opportunities for risk mitigation are minimal. Successive governments have taken steps to reduce the risk faced by farmers. The entire paraphernalia of minimum support prices (MSPs) was originally conceived as a way to mitigate risk through guaranteed prices. It later degenerated into a tool to buy the political support of large farmers. The Narendra Modi government in 2016 launched the Pradhan Mantri Fasal Bima Yojana, a potential game changer. However, as reported by this newspaper, farmers who suffered losses in the last financial year have not yet received compensation for 55% of the estimated claims under the scheme. Crop insurance will not benefit farmers as desired if the compensation is not paid in time, as they will need the money for sowing in the next season. The government would do well to remove inefficiencies in the system.<br /><br />Please <a href="http://www.livemint.com/Opinion/MBIA6MDAxLeF0sEmJTWpeJ/The-difficult-economics-of-the-Indian-farmer.html" title="http://www.livemint.com/Opinion/MBIA6MDAxLeF0sEmJTWpeJ/The-difficult-economics-of-the-Indian-farmer.html">click here</a> to read more. <br /></div>                                                           
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The difficult economics of the Indian farmer

Published on Aug 3, 2017   Modified on Aug 3, 2017

-Livemint.com Policy should focus not just on higher production but also on helping farmers manage risks Anybody who is dismissive of the wave of farmer protests across the country should first understand the difficult everyday economics of the Indian agriculturalist. Most farmers swim in a turbulent sea of risks against which they have almost no protection. The risks begin with sowing. The production in the months ahead is deeply dependent on weather conditions. It is not just about the extremes of drought or flooding. Even a round of unseasonal rain can destroy standing crop. Irrigation can offer some respite—but not to the extent of completely removing production risks. Then comes the price risk. A bumper crop can pull down prices in wholesale markets. Price spikes after a poor crop are inevitably dealt with through cheap imports in a bid to protect consumers. The opposite is done less frequently. The bountiful rains of 2016 resulted in record farm output. Prices crashed. Farmers are reported to have not been able to even recover the cost for some crops. The prospects of a good monsoon pushed up rural wages. The reality of rock bottom prices then destroyed profit margins. Also, economists at HSBC showed in a recent report that the fall in inflation has increased the real debt burden of farmers, which has risen faster than real income in recent years. The opportunities for risk mitigation are minimal. Successive governments have taken steps to reduce the risk faced by farmers. The entire paraphernalia of minimum support prices (MSPs) was originally conceived as a way to mitigate risk through guaranteed prices. It later degenerated into a tool to buy the political support of large farmers. The Narendra Modi government in 2016 launched the Pradhan Mantri Fasal Bima Yojana, a potential game changer. However, as reported by this newspaper, farmers who suffered losses in the last financial year have not yet received compensation for 55% of the estimated claims under the scheme. Crop insurance will not benefit farmers as desired if the compensation is not paid in time, as they will need the money for sowing in the next season. The government would do well to remove inefficiencies in the system. Please click here to read more.

Livemint.com, 2 August, 2017, http://www.livemint.com/Opinion/MBIA6MDAxLeF0sEmJTWpeJ/The-difficult-economics-of-the-Indian-farmer.html

Tagged with: Farmers' agitation Farmers' Income Farmers' Suicide minimum support price Minimum Support Prices

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