Downplaying the impact of drought in three states on national food production, agriculture and cooperation secretary Prabeer Kumar Basu says the number of people dependent on agriculture has to come down for rural incomes to rise.  "We have sent our team for an assessment of the situation. None of this will affect overall production because it will be compensated by the rest of India where crop conditions are excellent. We will...

Agrarian distress and growing awareness among farmers, tired of poll-time rhetoric and freebies, may make it tougher for political parties to woo this large electorate with worn-out promises in the upcoming assembly polls.  Ahead of elections in five states, including in Uttar Pradesh, the country's most populous and politically-critical state, many farmers say they are ready to pay market rates for power and other inputs provided there is reliable supply.  Swarn Singh,...

The frequency of incidents of farmers committing suicides is “unimaginable” in West Bengal, State Left Front chairman Biman Bose said here on Friday.  “The government had fixed a target of 20 lakh metric tonnes for procurement of paddy from peasants in the State. According to reports, it has only collected 2 lakh metric tonnes so far,” Mr. Bose, who is also the State secretary of the CPI(M), told journalists.  Stating that paddy...

About 51.54 lakh ryots lost investments Farmers in the State have suffered crop damage in a whopping 85.6 lakh acres during the 2011 kharif season, 44 per cent of the total 1,94,65,000 acres area cultivated. About 51.54 lakh farmers, including 48.33 lakh small and marginal ones, have lost the investment almost completely. In a report submitted to the State government recently, the Department of Agriculture has put the requirement of input subsidy, compensation...

The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...