After being cornered by the Opposition political parties on several occasions for the past two years over the cases of recurring farmers' suicides in Orissa, the state government has finally come out with a report on the matter. According to the report released in the state legislative assembly by Damodar Rout, the minister for agriculture and cooperation, 46 farmers have committed suicide in 2009-10 and in 2010-11 so far due to...
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Banks to disburse Rs 9165 crore farm credit to Orissa farmers
The Orissa government on Monday unveiled an ambitious plan to provide agricultural credit of Rs 9165 crore in this fiscal compared to Rs 5300 crore in 2009-10. In a conscious move to avoid the embarrassment of having the tag of anti-farmers, the government has also decided to continue with 2% interest subvention on the farm credit, according to minister for agriculture and cooperation, Damodar Rout. In another significant development, the...
More »Agriculture loans exceed target by 13% in FY10
Agricultural credit flow by cooperative and public sector banks exceeded the target by 13% in 2009-10 financial year. “The flow of credit to the agriculture sector increased significantly and banks have surpassed the target by extending Rs3,67,000 crore worth of loan to farmers,” an Agriculture Ministry official informed. The banks including public sector, cooperative and regional rural banks (RRBs), were set a target to lend Rs3,25,000 crore of credit to farmers last...
More »Ethiopia beckons Punjabi farmers by Amarjit Thind
Acknowledging the expertise of Punjabi farmers in making the state the “food bowl of the country”, Ethiopia now wants them to replicate this success in their country. Only 43 per cent of the total land mass of the country was currently under cultivation and the African country has invited farmers to lease huge tracts of arable land in various parts of the country and turn them into green lush fields....
More »Buoyant Pepsi to take contract farming to troubled states by Seema Sindhu
Ram Prasad Ghosal, a potato farmer from Bamunpara (Dist Burdwan) in West Bengal, owns 10 acres of land. Just two months earlier, though, his ilk faced a major scare. The region witnessed a bumper potato crop of 9.5 million tonnes — 73 per cent higher than last year’s production. Wholesale prices in Kolkata crashed to Rs 300 a quintal. Retail prices, too, dropped to Rs 6-8 a kg. Farmers were...
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