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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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Freeing the farm -Ashok Gulati & Shweta Saini

-The Indian Express Raising agricultural exports requires the government to unburden policy of consumer bias. A balance should be struck between meeting the needs of food-insecure consumers and income-insecure farmers. The Agriculture Minister, Radha Mohan Singh, recently tweeted about the government’s resolve to increase the value of the country’s agricultural exports to $100 billion by 2022-23. The Dalwai Committee Report on doubling farmers’ incomes also talked of a similar target. It said,...

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MSP for Jowar: At 150% of cost, it will distort market price -Prabhudatta Mishra

-Financial Express If the government implements the assured minimum support price at one and a half times the production cost, as promised, it would jack up consumer prices of jowar and distort the market dynamics of the “poor man’s cereal”. Besides, the measure would also dampen exports, analysts warn. At 150% of the cost (A2+FL), the MSP for jowar for the next season could be at least 37% higher than the...

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Govt eyes increasing millet output to 45 mt by 2030 -TV Jayan

-The Hindu Business Line Centre on a mission mode to promote these nutri-cereals New Delhi: The Centre is drawing up an ambitious plan to increase millet production in the country to 45 million tonnes (mt) by 2030 from the current levels of 17 mt, a senior Agriculture Ministry official said on Thursday. “The government would like to promote millets from this year onwards. This year has been declared as year of millets. Over...

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Contract farming Bill to also cover services, marketing -TV Jayan

-The Hindu Business Line New Delhi: The Agriculture Ministry has broadened the scope of the proposed Contract Farming Bill by bringing marketing and services into its ambit and cutting back on States’ role in regulating the sector, paying heed to a multitude of responses that the planned piece of legislation elicited. “On the basis of the great response it received from stakeholders, we have made many changes to the Bill. There is...

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