-Livemint.com For the first time during the tenure of the present government, overall inflation of food articles is negative, implying a decline in prices Last week the India Meteorological Department (IMD) presented its first forecast for the monsoon this year. The forecast at 97% of the long period average (LPA) suggested yet a third year of normal monsoon rains, following 2016 and 2017. This should have ideally brought cheer to farmers struggling...
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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 »Why farm deflation is essentially a problem of liquidity -Harish Damodaran
-The Indian Express The main problem for farmers today is not production or having sufficient crop to sell. Instead, it has to do with prices that they are getting for their produce. The Met Department has forecast a third-in-a-row “normal” south-west monsoon this year, thanks to the very low probability of an El Nino event — the abnormal warming of the equatorial eastern Pacific Ocean waters, which is known to adversely impact...
More »MSP for Jowar: At 150% of cost, it will distort market price -Prabhudatta Mishra
-Financial Express If the government implements the assured minimum support price at one and a half times the production cost, as promised, it would jack up consumer prices of jowar and distort the market dynamics of the “poor man’s cereal”. Besides, the measure would also dampen exports, analysts warn. At 150% of the cost (A2+FL), the MSP for jowar for the next season could be at least 37% higher than the...
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