-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)...
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In Bundelkhand, Farmers Sink Into Debt As Rural Economy Collapses -Ajoy Ashirwad Mahaprashasta
-TheWire.in In the caste and class-unequal region, where a cashless economy is a distant dream, there is some doubtful support for demonetisation, but mostly concrete hostility. Jhansi: Almost a month after Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs 1000 notes, the socio-economic fabric of Bundelkhand – one of the poorest regions in central India comprising parts of Uttar Pradesh and Madhya Pradesh – is slowly crumbling. The...
More »Rural distress -TK Rajalakshmi
-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...
More »Demonetisation: How the cash crisis can be used to tame rural commercial capital -Pravesh Sharma
-The Indian Express These enterprises — whom she broadly categorises as ‘rural commercial capital’ — enjoy privileged access to formal credit networks. In her insightful study of the working of agricultural markets in West Bengal, British development studies scholar Barbara Harris-White has documented in detail how trade in farm produce is controlled through a web of rural and semi-urban agro commercial enterprises. These enterprises — whom she broadly categorises as ‘rural commercial capital’...
More »When cash vanishes: A double-whammy -Parthasarathi Biswas
-The Indian Express Farmers are facing the heat from both collapse of demand and inability to purchase inputs post-demonetisation. Junnar (Maharashtra): The last one week and more has brought nothing but bad news for Vasant Pimpale. This farmer from Pargaon Tarfe Ale, a village in Pune district’s Junnar taluka, has already lost 11 tonnes of green chilli grown on eight out of his 15-acres holding. The loss hasn’t been courtesy drought, flood...
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