-IndiaSpend.org The failing economics of such farms–agricultural households in the south are most indebted–are exacerbated by additional loans that families take to meet health issues, leaving them with diminished ability to invest in farming. Nearly 70% of India’s 90 million agricultural households spend more than they earn on average each month, pushing them towards debt, which is now the primary reason in more than half of all suicides by farmers nationwide,...
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Maharashtra's farm loan waivers to aid Vidarbha, Marathwada farmers more -Abhiram Ghadyalpatil
-Livemint.com Maharashtra’s capping of farm loan waiver will benefit farmers of drought-prone regions more than those in prosperous western, northern areas Mumbai: By capping the farm loan waiver at Rs1.5 lakh per farmer regardless of land holding, the Maharashtra government has ensured that farmers in the critically affected Marathwada and Vidarbha stand to gain more than those in the prosperous western and northern regions. Farm activists and at least one member of the...
More »Middle Earth Moguls -Pragya Singh
-Outlook Good monsoon or bad, glut or drought, boom or bust...it’s always fair weather for the range of middlemen who come between the farmer and consumer. An anatomy of the trade. One of the axioms of logic is called the Law of the Excluded Middle. Something has to be either true or false—there’s no middle ground. As we all know, economics works a bit differently. Facts can be fickle, data pliable, and...
More »For farmers today, grass is 'greener' than rice and pulses -Subodh Varma
-The Times of India Growing grass and selling it in the market may be more profitable than cultivating crops like wheat, rice, pulses or oilseeds. This bizarre conclusion, a reflection of the desperate conditions of Indian farmers, can be reached if one looks at how the value of various crops has changed over the last five years. Between 2011-12 and 2015-16, the total value of cereals and pulses produced in the country went...
More »Rs 34,000cr loan waiver
-PTI/ The Telegraph Mumbai: The BJP-led Maharashtra government today unveiled a Rs 34,020-crore farm loan waiver scheme, under which debt of up to Rs 1.5 lakh each will be written off, making 40 lakh farmers debt-free and providing relief to 49 lakh others. Chief minister Devendra Fadnavis said this was the "biggest" loan waiver scheme in the country. He said all BJP ministers and legislators would contribute a month's salary towards the...
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