Even as concerns are emerging about generalised inflation gripping the economy, with reports of rising wage rates, food price inflation remains the citizen’s core concern. Macroeconomic authorities have been chasing a variety of targets – monetary, fiscal and supply-side constraints – to get a better grip on prices. It is often hoped that higher prices would translate into increased production since farmers would respond positively to price signals. What then...

High-velocity winds accompanied by hailstorm and an incessant spell of rain for a couple of hours last night damaged the almost ripened wheat crop in villages across Patiala and surrounding areas. With farmers demanding a special girdwari, the administration may write to the government to look into their losses and order payment of adequate compensation. Reports reaching the district headquarters said that the hailstorm had flattened standing wheat crop in numerous...

The Commission for Agricultural Costs and Prices may recommend higher prices in its report. The Commission for Agricultural Costs and Prices (CACP) may recommend higher minimum support price (MSP) for cotton and sunflower in its report. “Cost of production for most crops have gone up by 10-30 per cent over the last year, due to higher inputs costs like labour and fodder. Cotton has fetched higher market prices compared to its MSP...

The cultivable land in India has shrunk marginally by 0.43% to 182.39 million hectare in last five years. This is due to shift in area for non-agricultural purposes such as buildings, road and railways among others. The total agricultural land in 2003-04 was 183.19 million hectares against 182.39 million hectare in 2008-09, a fall of 0.80 million hectare, according to the government data. Major foodgrains producing states like Punjab, West Bengal, Bihar and...

Farmers with irrigated fields in Punjab and Haryana will start sowing cotton in a fortnight. Agriculture department officials estimate a 10% to 15% increase in acreage this season as cotton has become more lucrative than paddy, basmati and pulses. Government's paddy procuring agencies and basmati exporters don't think that the staple's production will take a hit. "We estimate the area under cotton across the country to increase by 15% and prices will...