-Down to Earth Farmers and cold storage owners pay the price of producing and storing bumper crops as wholesale prices dip by 39-50 per cent in December Hit by low wholesale prices, potato Farmers in Uttar Pradesh and Punjab have not been able to recover even the production cost of the crop as market price of potatoes crashed by 39-50 per cent in December 2018, shows the latest report on the crop...
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Enrolment under PMFBY crop insurance scheme sees steep decline -Sayantan Bera
-Livemint.com Delayed assessment of loss and settlement of claims by insurance companies may have led to Farmers losing faith in Pradhan Mantri Fasal Bima Yojana, say analysts New Delhi: Sharad Markad, a lanky teenager from a marginal farming family in Maharashtra, spent the first day of 2019 scrounging for funds. Faced with a drought, the third in the past five years, Markad had taken it upon himself to build a community cattle...
More »Fundamental flaws in crop insurance scheme's design makes it ineffective -Devinder Sharma
-Livemint.com The government did not visualize there were problems in the way it was designed, the methodology itself was faulty Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship programme launched with much fanfare in 2016, has run into rough weather. With both the area covered and the number of enrolled Farmers declining, the country’s premium crop insurance scheme is certainly in need of an overhaul. While Parliament’s committee on estimates, chaired by senior...
More »Farm loan waivers are not the panacea -Anjani Kumar & Seema Bathla
-The Hindu Business Line The Centre and States must eschew the politically expedient option of loan waivers and look for long-term solutions The sweeping wave of loan waivers has generated serious debates across the country on their economics and likely outcomes. Till date 12 States have announced loan waiver amounting to more than Rs.2 lakh crore. Loan waiver cannot be a solution to address the agrarian crisis, instead the government must look for...
More »Rajasthan farm loan waiver: Villagers who didn't take loans named as beneficiaries, probe on -Deep Mukherjee
-The Indian Express According to the Cooperative Department website, the three societies, which are currently under investigation, have waived loans of 3,073 Farmers. Jaipur: Several residents of Govadi village in Rajasthan’s Dungarpur district on Saturday discovered that they were beneficiaries of the farm loan waiver announced by the previous BJP government in the state. However, the realisation soon led to confusion among the residents as they had never taken an agricultural...
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