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Why are farmers up in arms? Here's a quick primer to a deepening crisis

-The Economic Times NEW DELHI: Farmers protesting in Madhya Pradesh and Maharashtra demand better prices for their produce and loan waivers. But low prices and loans are not the real problems. These are mere symptoms of structural problems which cannot be solved by temporary measures such as a loan waiver. "While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper," says Prakash Bakshi, a former...

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Is Cattle Slaughter Ban Smart Economics? Chief Economic Advisor Arvind Subramanian Speaks Up -Aloke Tikku

-NDTV Chief Economic Adviser Arvind Subramanian says farmers would not only lose the income from livestock as meat but also have to incur additional costs to maintain unproductive cattle. Already, he adds, there was research to suggest that returns to livestock farming are in any case "very low or even negative". NEW DELHI:  Arvind Subramanian, the government's Chief Economic Adviser, has broken his silence on the issue of cattle slaughter. And...

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Loan waiver necessary, but alternative farm practices the need of the hour: Desarda -Veydaant Khanna

-The Hindu Economist suggests implementation of a radical form of and distribution and ‘low external input sustainable agriculture’ system Mumbai: Economist and former member of Maharashtra State Planning Board H.M. Desarda, on Tuesday termed the recently announced farm loan waiver by the State government as a necessary but not sufficient condition to deal with the problems related to agriculture. Prof. Desarda linked today’s problems in agriculture to ecology and traced their origins to...

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Farmer agitations point to a deeper problem in our agricultural system -Prakash Bakshi

-The Economic Times blog With loan waivers granted on Sunday to farmers in Maharashtra, and to farmers in Uttar Pradesh in April, Madhya Pradesh’s agriculturalists continue to demand waivers and the revision of the minimum support price even after protesting farmers in Mandsaur were shot dead by the police. While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper. Today’s level of food grain production...

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The best of times, the worst of times -Mihir Shah

-The Hindu Without government support, farmers pay the price for a bumper crop they labour so hard to produce The ongoing farmers’ agitation has taken on a shockingly violent form. Discussion has revolved around an apparent paradox: why are farmers rioting after a bumper crop? But any student of economics knows that prices fall after bumper harvests, which is good for consumers but terrible for farmers. This is why the government needs...

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