-Down to Earth State pays out 83% of wheat MSP due for rabi season in a month Punjab has successfully paid the lion’s share of price due to wheat farmers for their produce via the Direct Benefit Transfer (DBT) route as the Rabi marketing season nears its end. However, farmers are unsure about what it will mean for their equation with the aarthiyas or commission agents, who have been their financial backbones...
More »SEARCH RESULT
Total Matching Records found : 744
Punjab: Farmers allege arhtiyas demanding ‘signed blank cheques’ to facilitate procurement -Anju Agnihotri Chaba
-The Indian Express An arhtiya from Khanna Mandi said that they are taking blank cheques from farmers as a security, adding that both arhtiyas and farmers know that during every procurement season only pre-decided amount would be deducted. Jalandhar: Just when he was ready to harvest his standing wheat crop and ship it to the mandi, farmer Nihal Singh (name changed) from Bathinda’s Baluana village was thrown off balance by an unlikely...
More »Create a sustainable pathway for farmers -Baldev Singh Dhillon and Kamal Vatta
-The Tribune While attracting private capital investments in production, processing and marketing of high-value agriculture, the associated adverse socio-economic implications must be avoided. Last year, Parliament enacted the Farmers’ (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020. It is supposed to empower farmers to get engaged with upgraded value chain partners in a fair, transparent, mutually agreeable and remunerative manner to enhance their income by reducing marketing risks....
More »Mandi prices rule below their minimum support prices as rabi arrivals peak
-Financial Express While wheat prices may firm up once the official procurement begins in all the producing states, the government will have to implement a robust procurement system for other crops to support the prices fetched by farmers. Mandi prices of most rabi crops ruled below their minimum support prices (MSPs) during the last month, even as more than half of the winter crop has been harvested (see chart). While wheat prices...
More »RBI sanctions Rs 21K crore: Punjab gets CCL for Wheat procurement
-The Indian Express The Central government has fixed the Minimum Support Price (MSP) of wheat at Rs 1975 per quintal, hiking it by Rs 50 from last year’s Rs 1925 per quintal. Chandigarh: Ahead of the Wheat procurement that starts from April 10 in the state, the Reserve Bank of India (RBI) on Monday cleared a sum of Rs 21,658.73 crore towards Cash Credit Limit (CCL) up to end April, 2021 for...
More »
