-Scroll.in Growing the traditional maize and soya bean crops is no longer economically viable. “The land is thirsty, the Korku is hungry,” goes the refrain of the Korku Adivasis in the Satpura forest in Madhya Pradesh’s Khandwa district. An unrelenting drought since 2014 has parched the Korku farmland, driving a population of over 40,000 spread across 100-odd villages to desperation. In Khari village, for example, more than half the farmers have been forced...
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Farmers are using futures contracts to counter price risks -Sayantan Bera
-Livemint.com According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months New Delhi: In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers’ groups are using futures contracts to hedge against price dips during the harvest season. For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO)...
More »Budget and agri-commodity trading: Searching for a spot in the future -Pravesh Sharma & Raghav Raghunathan
-The Indian Express Integration of spot and derivatives markets for farm produce via e-NAM can be a potential game-changer There isn’t much from the recent Union Budget as far as new ideas for agriculture goes, yet it sends out a couple of signals suggesting the Narendra Modi government’s intent to integrate farmers better with the markets. One such signal is the proposal to come out with a ‘model law’ on contract farming for...
More »Major change in crop weather advice -Sanjeeb Mukherjee
-Business Standard Advisory will also have information on the type of crop needing to be sown, depending on irrigation India Meteorological Department (IMD) plans to change its weather advisory service for farmers, linking it to a dynamic crop calendar of each district, based on the onset and progress of the monsoon. The advisory will also have information on the type of crop needing to be sown, depending on irrigation and rain in that...
More »Towards less-cash agriculture: Well before demonetisation, low credit-driven model came up in Dewas -Vivian Fernandes
-The Financial Express In Madhya Pradesh’s tribal districts of Dewas and Khargone, the NGO, Samaj Pragati Sahayog, discourages cash transactions for agricultural inputs. The interest rates are usurious and vary according to commodities. For fertiliser, it is dheda—loan for the stuff has to be repaid 1.5 times over by the end of the harvest season. For pesticides it is sawa, or 1.25 times. Even barter can be extortionate. One quintal of...
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