-Livemint.com Farmers are getting paid for their produce by traders either by cheque, but many Farmers are not able to encash the cheques due to currency shortages at banks Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist. Farmers are getting paid for their produce by traders either by cheque or via...

-The Times of India NEW DELHI: The government has taken a slew of measures to ensure that cash requirements of Farmers are not adversely impacted due to the demonetisation exercise, even as it has urged Farmers to join the movement for cashless transactions in the ongoing sowing season. About 50 Farmers did their first cashless transaction at the event and bought seeds and fertilisers in the presence of Union ministers. Agriculture Minister Radha...

-India Water Portal Despite Farmers’ apprehension, the new crop insurance scheme, Pradhan Mantri Fasal Bima Yojana, is considered a game changer. “Agriculture is a highly risky venture,” says Nagi Reddy, a Farmer in Anantapur. Reddy is a small Farmer affected by uncertainty in crop production stemming from unpredictable weather events and pest attacks, especially in his cotton crop. He works on his 2.5-acre farm and the rest of the time, he...

-TheWire.in Farmers in Vidarbha are being forced to incur terrible losses – by accepting lower prices, losing their perishable produce, or due to a fear of depositing cash payments in old notes in banks where they owe loan repayments. Bandu Ghormade had no choice but to accept the old Rs 500 notes from the procurement agent and a lower price of Rs 200 less for every 40 kilo crate of his freshly...

-TheWire.in A large chunk of India’s Farmers continue to depend on commission agents and not formal institutions for credit, thereby relying on cash. It is now official. Demonetisation has led to an implosion of agricultural trade in the country. In the week following demonetisation, soyabean arrivals in select major states had collapsed by 87% relative to average arrivals over the week preceding demonetisation. The figures were 55% for paddy, 61% for guar,...