-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...
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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 »Maharashtra Witnesses Rise in Farmer Suicides, 696 cases in 3 months - Shilpa Shaji
-Newsclick.in The government has chosen not to intervene in the market prices of the seasonal crops, forcing farmers to deal with the debt and the crisis on their own. Despite the Maharashtra government’s farm loan waiver scheme to “settle” the agrarian debts of farmers, the number of farmers committing suicide in the state continues to rise. The state has witnessed a total of 696 farmer suicides in the initial three months of...
More »'Chana farmers to lose Rs 6,170 crore' -Jayashree Bhosale
-The Economic Times PUNE: Chana farmers stand to lose Rs 6,170 crore as they have not received the government assured minimum support price (MSP) for a good chunk of their crop, according to the ‘loot calculator’ of Jai Kisan Andolan (JKA), a movement which works for farmers’ rights. The Andolan, launched by Yogendra Yadav founded Swaraj Abhiyan, has gleaned this crop of data based on an expected production of 1,110 lakh quintals...
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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