-The Hindu Business Line Given the ballooning costs of storing grain, there is an urgent need to cut down excessive procurement of rice and wheat In 2018-19, wheat procurement at 35.8 million tonnes (mt) was the second highest ever. It is estimated that by the end of kharif marketing season in September, rice procurement may also touch an all-time high of 45 mt. With such high procurement, one of the first difficult...
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Why record foodgrain production failed to cheer farm input providers -R Sree Ram
-Livemint.com Both fertilizer and agrochemical companies are highly dependent on imports for raw materials. With rupee depreciation exacerbating the rise in prices of raw materials, the profitability of the companies is expected to take a hit this year The forecast of a record foodgrain production in the ongoing kharif season has brought no cheer to agricultural inputs stocks. Shares of Rallis India Ltd lost 3% last week. Dhanuka Agritech Ltd slumped 12%....
More »Farm support prices come with hidden costs -Ashima Goyal
-The Hindu Business Line In view of the distortions arising out of excessive price support, direct income transfers to farmers is a better option The domestic debate has tended to conclude that the rise in MSP announced in the Budget is an essential part of achieving the government’s objective of doubling farm incomes. But MSP stands for minimum support prices and is an instrument designed for reducing income volatility, not for raising...
More »The wait for deep agricultural reforms -Siraj Hussain
-Livemint.com While there are several creditable achievements, it is the deeper structural reforms where expectations from a strong government have not been met Amidst expectations of a magical transformation of the Indian economy, the Narendra Modi government took over the reins in May 2014. During the election campaign, people were led to believe that the Gujarat model of agricultural development, which delivered 8% growth in agriculture during fiscal years 2003-14, would be...
More »Farm distress is now haunting us: NITI Aayog's Rajiv Kumar -Sayantan Bera
-Livemint.com The NITI Aayog and the government have decided to focus only and only on farmers and the agriculture sector, says NITI Aayog VC Rajiv Kumar New Delhi: The spectre of farm distress has finally begun to haunt policymakers and the government is doing everything it can to address the situation, Rajiv Kumar, vice-chairman of central government think tank NITI Aayog, said on Friday. “We in the NITI Aayog and the government have...
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