-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...
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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 »Millets pose production and consumption challenges; MP’s Dindori project shows the way forward -Harish Damodaran
-The Indian Express In rural India, the National Food Security Act of 2013 – which entitles three-fourths of all households to 5 kg of wheat or rice per person per month at Rs 2 and Rs 3 per kg, respectively – has reduced the demand for millets. Millets score over rice and wheat, whether in terms of vitamins, minerals and crude fibre content or amino acid profile. They are also hardier and...
More »Markets have failed to prop up farm incomes -Devinder Sharma
-The Tribune The economic argument in support of market reforms, claiming that farm incomes go up when the number of farmers recedes, has turned out to be untrue. America has lost more than 5 million farms in less than 100 years, and Australia 25 per cent of its farms between 1980 and 2002. The speed at which farmers across the globe have got out of agriculture hasn’t increased farm incomes, but...
More »What India’s farm crisis really needs -Christophe Jaffrelot and Hemal Thakker
-The Indian Express To solve India’s deep agrarian crisis, more public investment and government support are needed, not the new farm laws The farmers’ movement invites us to revisit the trajectory of India’s agriculture so as to understand its real problems. Beginning in the mid-1960s, India and, especially, Punjab experienced a massive productivity boom as a result of widespread adoption of Green Revolution technologies. This transition was driven by public investment in...
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