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Is agriculture a business? -Harish Damodaran

-The Indian Express Yes, except that farmers suffer rules other businessmen never encounter Agriculture is said to be India’s largest private-sector enterprise, engaging nearly 119 million farmers (“cultivators”) and another 144 million landless labourers, as per the 2011 Census. It is even considered the most respectable business, going by the oft-quoted slogan “uttam kheti, madhyam vyapar, kanishtha naukri (supreme is farming, mediocre is trade and most lowly is service)”. But the exalted...

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Golden yields - Focusing on agriculture alone will not improve farm incomes -Shubhashis Gangopadhyay

-The Telegraph The recent budget talked about the government's plan to double farm incomes in the next five years. This will be done through investments in rural infrastructure, especially irrigation. About 50 per cent of land under foodgrain production in India is irrigated. This means that half of the foodgrain producing land in India faces weather uncertainties and, hence, those working on them face annual (seasonal) variations in income. These variations...

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Why It Is Hard To Double Farmers’ Income By 2022 -Abhishek Waghmare

-The News Minute/ IndiaSpend Efficient agricultural markets can also be a potent tool for poverty reduction “We are grateful to our farmers for being the backbone of the country’s food security. We need to think beyond food security and give back to our farmers a sense of income security. Government will, therefore, reorient its interventions in the farm and non-farm sectors to double the income of the farmers by 2022.” —Finance...

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Crop insurance revisited

-The Hindu Business Line India should fine-tune its scheme to make it WTO-compliant The fact that the Centre’s new crop insurance scheme has hit a WTO speedbreaker does not really surprise. The EU, Canada, Australia and Thailand have implicitly said that in its present form, insurance payouts cannot readily be placed in the ‘green box’ — one that exempts certain expenditures from farm subsidy calculations for WTO purposes. They have, in effect,...

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The budget’s dangerous philosophy -Harsh Mander

-Livemint.com The government relies on for-profit big business to deliver public goods despite their inability to deliver Can we listen to the budget as an annual public statement by the government of its economic and social philosophy and intent? The centre abandoned five-year plans that earlier laid down a road map of where government policies are headed. The budget, then, is an important reality check of whether the government is literally...

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