-Business Standard Acreage of these crops is likely to fall as prices drop below MSP in mandis Mumbai: Farmers are shifting from oilseeds and pulses to more remunerative crops like cotton and maize this kharif season. The area under oilseeds and pulses is likely to decline with prices ruling below minimum support prices in many mandis. Farmers are agitating because their produce is not being lifted by government agencies and traders are also...
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Cabinet clears 5% interest subvention for crop loans
-The Hindu Scheme will continue for one year, be overseen by NABARD Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%. The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will...
More »Why a price increase alone won't help farmers -Elumalai Kannan
-The Hindu Fundamental problems of crop and regional bias of MSP policy, govt. procurement and access to institutional credit need to be addressed. Agricultural distress is often viewed as a short-term phenomenon in which farmers look for support from various quarters on account of being unable to get a gainful return due to price crash, poor marketing facilities, rising credit burden, increasing cost of inputs and frequent occurrence of natural calamities. A...
More »Why are farmers protesting despite bumper harvests? -Roshan Kishore
-Livemint.com Behind the rising tide of farmers’ protests lie several structural weaknesses facing the farm economy In a year when farm growth has crossed the 4% mark and official statistics show a record increase in production, one would have expected farmers to celebrate. Instead, farmers in states such as Madhya Pradesh and Maharashtra are out on the streets protesting, and in some cases, facing bullets from the local police. What explains this...
More »The farm loan waiver conundrum -Anil Padmanabhan
-Livemint.com Doling out farm loan waivers without addressing rural distress is just kicking the can down the road and playing into the hands of the moral hazard brigade Last week, farmers agitating for better prices for their produce of onions and pulses—prices for both of which have witnessed a steep fall in recent months—in Mandsaur district of western Madhya Pradesh turned violent. Coming in the backdrop of a similar agitation by farmers in...
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