-Livemint.com Repeated price shocks take the sheen off horticulture crops grown by small and marginal farmers New Delhi: In the past few years, horticulture crops emerged as a favourite for small growers across the country. 2016-17 marks the fifth straight year when production of fruits and vegetables is estimated to surpass that of foodgrains. This signals a fundamental shift in India’s farm economy towards a growing share of horticulture crops, which now...
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Farming goes to seed -Jayshree Sengupta
-The Tribune Demonetisation didn’t overly impact the sector, but devitalisation is a concern THERE has been a lot of speculation about the extent of damage due to demonetisation on agriculture. Small farmers suffered most because cash in hand means a lot to them. They were unable to pay for inputs like fertilisers, seeds and farm labour and experienced low demand for their perishable produce. The latest data from government’s agricultural ministry however...
More »Banarasi sari industry in trouble as traditional credit vanishes after note ban -Omar Rashid
-The Hindu The ‘batta’ system of rolling financing has shrunk as money cannot be withdrawn from banks, and bearer cheques pile up Varanasi: For the already distressed weavers and poorly paid labourers in the famous Banarasi sari industry, demonetisation has come as a crippling blow. Withdrawal limits of Rs. 50,000 on current accounts (around a 10th of the actual requirement in the trade) and falling business post November 8 have constrained traders from...
More »Cash crunch proves a hot potato for these farmers -Vikas Vasudeva
-The Hindu Cultivators in Punjab and Haryana head for another period of distress, thanks to demonetisation Demonetisation of Rs. 500 and Rs. 1,000 notes has badly hit potato growers in Punjab and Haryana where farmers are heading for yet another period of distress as they are finding it difficult to recover even the cost of produce, let alone make profits. In Jalandhar’s vegetable market, the fresh-crop potato fetched as low as Rs. 100...
More »Will note ban dry up informal loans in rural India? -Sayantan Bera
-Livemint.com Nearly 40% of loans taken by agricultural households come from informal sources, shows data New Delhi: Demonetisation of high value currency has impacted the rural and agriculture sectors in several ways. In the days following Prime Minister Narendra Modi announcing withdrawal of Rs500 and Rs1,000 notes, trade in wholesale markets took a hit due to the acute cash crunch and farmers resorted to Distress Sales of perishables like fruits and vegetables....
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