The MoU is also intended to give a push to private investment in agriculture  The government last week quietly secured Cabinet approval for a new agreement with the United States that aims, inter alia, at promoting the privatisation of agricultural extension services and facilitating collaborations between American agribusiness and the Indian farm sector. The proposed Memorandum of Understanding with the U.S. on ‘Agriculture Cooperation and Food Security’ was approved on...

Central scheme boosts crop yields significantly, but suffers as NREGA’s success eats into the available workforce S. Mallika, 27, is expecting a windfall this year. The farmer from Kurumpatti village in Tamil Nadu’s Krishnagiri district owns a 5 acre tract, which has been yielding an annual income of Rs50,000 for her family—until now. This year, Mallika is confident her earning would be six times more—Rs3 lakh—and that too from just 1,000 sq....

Nearly 2 lakh farmers committed suicide in India since 1997. The share of big five states accounted for 1,22,823 suicides in this 12 year period. The data compiled by the National Crime Records Bureau points out that 16,196 farmers in India ended their life in 2008. K Nagaraj, an economist, in his report Farmers' suicides in India: Magnitude, Trends and Spatial Patterns, says, "The title to land was taken as the...

Surging food inflation, decline in agriculture growth rate and the impending food security bill are expected to be at the centre of the coming Union budget. With a bumper wheat harvest expected this rabi, there are projections of a turnaround in the farm sector from the present growth rate of 0.2 per cent. Food prices, which grew at an unprecedented rate of nearly 20 per cent in January, are expected...

In a bold move that will not just prune the humongous fertiliser subsidy bill but also change the face of agriculture, Prime Minister Manmohan Singh, aided by several Cabinet colleagues, today brought in a nutrient-based subsidy (NBS) regime. This will incentivise companies to innovate beyond a handful of products sold in the market presently and offer farmers choice based on soil needs. This is expected to trim the subsidy bill...