While the government's recent clarification on the policy on foreign investment in wholesale trade is welcome, it needs to be complemented with a policy to empower our farmers to interact with modern, organised retail productively. Organised retail can catalyse a second green revolution in India when farmers become empowered to negotiate prices for their produce with retailers. The industry ministry's recent guidelines for wholesale trade, known as cash and carry,...

An over-dependence on genetically modified organisms to boost agricultural production eclipses other biotechnologies and their potential to benefit poor farmers in developing countries, warned the United Nations Food and Agricultural Organization (FAO) today. “Modern and conventional biotechnologies provide potent tools for the agriculture sector, including fisheries and forestry,” said FAO Assistant Director-General Modibo Traore. “But biotechnologies are not yet making a significant impact in the lives of people in most...

Union ministers may be squabbling heatedly over whether the moratorium on Bt Brinjal was right or wrong, but trade associations related to soya, a commodity which has been virtually swamped by the GM variety worldwide, are clear that the growing agri-biotech bandwagon has opened up immense new opportunities for safer, traditional, non-GM soya varieties. The Soy Food Promotion and Welfare Association announced the launch of a two day International Soy...

The Central Statistical Organisation estimate of overall GDP being likely to grow at 7.2 per cent this year has brought back the confidence of the industry and policymakers that the economy has truly turned the corner. But the growth of the farm sector is almost flat (-0.2 per cent), though this too is a pleasant surprise given that it was exposed to the worst drought since 1972. The real worry...

The agriculture ministry’s revised farm output projections for this year, indicating just about a 7.5 per cent downturn in foodgrain production despite the worst drought in recent years, lend themselves to some significant inferences. For one, the performance of the crops has turned out to be far better than what was feared. The earlier projections, released in November last, had put the likely crop loss at over 21 million tonnes,...