-Livemint.com Policy should focus not just on higher production but also on helping farmers manage risks Anybody who is dismissive of the wave of farmer protests across the country should first understand the difficult everyday economics of the Indian agriculturalist. Most farmers swim in a turbulent sea of risks against which they have almost no protection. The risks begin with sowing. The production in the months ahead is deeply dependent on weather conditions....
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Karnataka: Another drought year?
-Bangalore Mirror Reservoirs in the state are filled to only half their capacities, a first in 42 years Slowly, monsoon is weakening, and we have not got our share of rainfall yet. Barring Kalaburagi, all districts in the state have had poor rainfall — a clear deficit. In Bengaluru City, the shortfall is 52%. According to experts, the rainfall in the state has fallen by 20-55 per cent, from June 1 to...
More »Farmers await crop insurance payout, 55% claims pending -Sayantan Bera
-Livemint.com Under the flagship crop insurance scheme Pradhan Mantri Fasal Bima Yojana, Rs5,875 crore, or just 45%, has been paid to farmers, agriculture ministry data shows New Delhi: Farmers who suffered Crop Losses in 2016-17 are yet to receive insurance compensation for 55% of estimated claims under the flagship Pradhan Mantri Fasal Bima Yojana (PMFBY), shows latest numbers from the agriculture ministry. The data shows that insurance companies collected Rs22,338 crore in 2016-17...
More »Rains, tomato crisis: Will farmers be better off buying private insurance? -Subhomoy Bhattacharjee
-Business Standard Farmers are not getting enough protection as states mostly do not pay the premium they should With the rains falling in abundance and tomatoes refusing to do so, agriculture economy experts have a lot to say on what both mean for the sector. Both pose a risk to farmers — of floods and of lack of pricing power. Yet the farmers don't have much to fend those off since agricultural insurance...
More »Crop Insurance: A flagship scheme that may flatter to deceive -Harish Damodaran
-The Indian Express For farmers, a uniform 2 per cent premium rate on sum insured (SI) for all kharif or monsoon season foodgrains and oilseeds, while 1.5 per cent for rabi winter crops and 5 per cent for annual commercial and horticultural crops, is the lowest they can hope for. The country couldn’t possibly have, at least on paper, a better agricultural crop insurance scheme than the Pradhan Mantri Fasal Bima...
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