It is being said by economists that unlike the issue of low food production that gripped Indian agriculture for long in the past, the present problem is about farmers not getting remunerative prices against the crops that they are growing. According to farmer leaders, the policymakers are too late to realise that bitter truth. As a result, there is a growing disenchantment in the rural hinterland against the ruling government...
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Agrarian, liquidity crisis weigh on India consumption story -Harsha Jethmalani and Pallavi Pengonda
-Livemint.com As we enter the new year, investors will do well to factor in a moderation in consumption demand due to the liquidity crisis and farm distress Analysts are getting increasingly wary about the outlook for consumption demand, even though investors are brushing aside these risks for now. In its 2019 India outlook, Credit Suisse said it would prefer investment-related stocks over consumption-focused ones in the coming year. The brokerage expects sharp...
More »Hidden figures: The numbers show absolute deterioration in the condition of farmers -Prabhat Patnaik
-The Telegraph Their demand for assured remunerative prices, therefore, is perfectly justified There are occasions when one suddenly becomes aware not just of the inadequacy of economic concepts for understanding reality but even of their obfuscating role. One such occasion was the recent kisan march in Delhi. The peasants have been facing distress for long, which has resulted in more than three lakh suicides over the last two-and-a-half decades, in growing indebtedness...
More »Onion Farmers Remain at Mercy of Market Ups and Downs as Prices Crash Again -Kabir Agarwal
-TheWire.in Farmers have been forced to sell at prices as low as Re 1 per kg, but the Modi government’s focus remains on controlling a rise in prices. New Delhi: Last week, Sanjay Sathe, an onion farmer from Nasik district in Maharashtra, made headlines. He had donated Rs 1,064 to the Prime Minister’s Disaster Relief Fund – the amount he had earned after selling 750 kg of onions. It translated to less...
More »Why farmers are angry: a ready reckoner -Vivek Kaul
-Newslaundry.com Quick fixes like loan waivers and MSPs don’t solve the basic problem. On December 2, 2018, PTI published a story on Sanjay Sathe of Nashik district. Sathe had grown 750 kg of onions this season. He was offered a rate of Rs. 1 per kg in the wholesale market when he tried selling them. He finally managed to negotiate a deal where he was paid Rs. 1,064 for 750 kg....
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