-The Economic Times New Delhi: The Agriculture ministry is targeting record foodgrain output of 283.7 million tonnes in the crop year beginning July, with 140.20 million tonnes targeted for the kharif (summer-sown) crop, on expectation of normal rains during the June-September monsoon season. “The weather office forecast of normal monsoon this year is good news for kharif planting and farmers,” Agriculture Minister Radha Mohan Singh said. He said the government was working...
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Direct income transfers will help farmers more than minimum support prices, says new report -Mridula Chari
-Scroll.in A new report says that a crop-neutral direct payout scheme might be better than paying farmers the difference between market price and production cost. Raising minimum support prices to 1.5 times the cost of production could severely distort agricultural markets, suggests a new report from the Indian Council for Research on International Economic Relations. The report takes a look at government schemes to bolster the crop procurement process. The Centre offers...
More »Why MSP at cost plus 50% is no big deal -Rajalakshmi Nirmal
-The Hindu Business Line The MSP for many crops is already 1.5 times cost; and procurement is either absent or very minimal except for paddy and wheat There has been much speculation on the Budget promise to farmers of 50 per cent return on cost of production. But this may not help farmers much, as many crops already enjoy 50 per cent profit at minimum support price (MSP), according to the price...
More »Poultry farmers cry foul -Parthasarathi Biswas
-The Indian Express Falling rates in March stumps industry in month synonymous with high prices. Pune: Since February, Deepak Pawale, who runs a poultry farm at Retavadi village in Khed taluka of Pune district, has been selling 45-day-old birds weighing 2-2.5 kg each at well below his estimated production cost of Rs 70 per kg. “The traders aren’t ready to pay higher rates, as they tell me that their sales have slowed down,”...
More »Will raising minimum support price necessarily lead to higher inflation? -Sanjeeb Mukherjee
-Business Standard High MSPs could raise food prices, fear experts; some analysts say there will be marginal, crop-intensive impact To what extent will the government’s efforts to increase minimum support prices (MSPs) and spread their benefits translate into food inflation? And if they do, which are the crops that will be instrumental in pushing the price level up? From the NITI Aayog to industry leaders to the Reserve Bank of India (RBI), all...
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