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Explained: What is the basis of MSP? How is it fixed, and how binding is it? -Harish Damodaran

-The Indian Express The newly passed farm trade Bill has raised concerns that farmers may no longer be assured MSP for their crop. But MSP isn’t even mentioned in the new law or in existing ones. How is it fixed, and how binding is it? The recently enacted law that dismantles the monopoly of apmc (agricultural produce market committee) mandis, thereby allowing sale and purchase of crops outside these state government-regulated market...

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Will the farm bills benefit farmers? -Vikas Dhoot

-The Hindu The apmc Bypass Bill leaves too much to the benevolence of private players Three farm bills — the Essential Commodities (Amendment) Bill, the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill (commonly referred to as the apmc Bypass Bill), and the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill — were cleared by Parliament amid protests from the Opposition. Sudha Narayanan (Associate Professor at the...

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Ensure no trading takes place below MSP -Devinder Sharma

-The Tribune With apmc markets heading towards a collapse, the new set of reforms is aimed at encouraging corporatisation, with big business moving into agriculture, storage and marketing. As the experience of US/Europe shows, when unregulated markets become dominant, small farmers are the first to be pushed out of agriculture. Reiterating what former US Agriculture Secretary Earl Butz (during Ronald Reagan’s rule) had declared: “Get big or get out,” Sonny Perdue, US...

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It’s not just about the farmer -Abhijit Sen

-The Tribune For Punjab and Haryana, it is also about the fiscal relationship with the Centre The situation following the enactment of the three ordinances passed by the Centre has created a political problem as well as somewhat of a dilemma for many economists. There is the fairly common assumption by many economists that free functioning of markets is a more efficient way of letting prices and choices function than relying too...

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Farm bill 2020: actual text vs perception -Harish Damodaran

-The Indian Express Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill: The government has sought to project the farm Bill as “creating an ecosystem” where farmers will enjoy the “freedom of choice” to sell to anyone, anywhere in the country. On many occasions, it isn’t the law but what it appears to convey and the context in which it is framed that holds relevance. This certainly is the case with the...

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