-Scroll.in The minimum support price of Rs 5,050 per quintal barely covers the input cost, yet the going market rate is just about Rs. 4,500. Sudhakar Patil, 65, is a farmer in Bhayar Chincholi village in Maharashtra’s Osmanabad district. He cultivates a mix of tur, urad and moong on his 11-acre farm in the kharif season and chana and wheat in winter. In a good year, when there’s water in the...
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Demonetisation apart, cheaper imports too hit the farm sector -Tejinder Narang
-The Financial Express The current agitation of farmers on cereal, oilseeds and vegetables has attracted a lot of analysis with regards to the causes. Many such analyses have converged on low hikes in MSP in the last three-four years as the major cause, and the general public also believes so. Stocking limits, poor warehousing facilities, export bans, lack of a properly developed food processing industry and free trade in commodity exchanges...
More »Delayed rains in Central India have farmers worried -Rutam Vora
-The Hindu Business Line ‘Odd’ monsoon path upsets crop cycle, slows down sowing Ahmedabad: Farmers in Gujarat, Madhya Pradesh and parts of Maharashtra are a worried lot as the ‘monsoon watch’ gets longer in the key growing regions, affecting the sowing of kharif crops. According to the latest available data, farmers in Gujarat have completed sowing on about 8.71 lakh hectares, which is more than double the 2.74 lakh hectares sown by about...
More »Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
More »How farm loan waivers can actually benefit the Economy -Charan Singh
-The Financial Express The fastest-growing major Economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from stress on account of indebtedness. The banking industry is also not able to extend credit to those farmers who are in default. A loan waiver can help bankers to renew the loans, and farmers can use the borrowed money for production of...
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