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The Age of Surplus -Harish Damodaran

-The Indian Express We have, indeed, entered a regime of “permanent surpluses” in most crops — a reality our policymakers are unable to grasp, stuck as they are in the era of the Essential Commodities Act. If there is one thing that has changed in Indian agriculture in recent times, it is supply response — the ability of farmers to increase production when prices go up. Traditionally, the supply curve in most...

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Farmers' agitation: Stir enters second day, vegetable prices surge over dwindling supplies

-The Indian Express The farmer organisations have been demanding minimum income guarantee scheme, implementation of the Swaminathan Commission report and waiver of farmers' debt. New Delhi: Demanding remunerative prices for their produce, implementation of the Swaminathan Commission recommendations and farm loan waivers among other things, farmers across the country continued their agitation Saturday as part of a 10-day long nationwide strike. In the wake of the dwindling fresh supplies of farm produce in...

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The wait for deep agricultural reforms -Siraj Hussain

-Livemint.com While there are several creditable achievements, it is the deeper structural reforms where expectations from a strong government have not been met Amidst expectations of a magical transformation of the Indian economy, the Narendra Modi government took over the reins in May 2014. During the election campaign, people were led to believe that the Gujarat model of agricultural development, which delivered 8% growth in agriculture during fiscal years 2003-14, would be...

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First anniversary of Mandsaur firing: Villagers told to submit bonds to maintain peace -Milind Ghatwai

-The Indian Express The administration has identified nearly 1,200 people who could create trouble either because of their past record or because they are in touch with agitators. Bhopal: Days before the first anniversary of the farmers’ unrest at Mandsaur in Madhya Pradesh, during which five protesters were killed in police firing, hundreds of villagers in the area have been asked by the administration to submit bonds of “good behaviour” —...

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Why farm deflation is essentially a problem of liquidity -Harish Damodaran

-The Indian Express The main problem for farmers today is not production or having sufficient crop to sell. Instead, it has to do with prices that they are getting for their produce. The Met Department has forecast a third-in-a-row “normal” south-west monsoon this year, thanks to the very low probability of an El Nino event — the abnormal warming of the equatorial eastern Pacific Ocean waters, which is known to adversely impact...

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