-Economic and Political Weekly In the wake of the central government’s minimum support prices hike for kharif 2018–19, the state government in Madhya Pradesh implemented a variant of the deficiency payments system called the Bhavantar Bhugtan Yojana for compensating the farmers when market prices fell below MSP. Besides the problems of long delays in payments to farmers, large transaction costs that farmers incurred due to multiple registrations, and the disposal of...
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In Madhya Pradesh's theatre of farm rage, BJP puts its money on crop insurance -Ravish Tiwari
-The Indian Express Apart from the Pradhan Mantri Fasal Bima Yojana (PMFBY), the BJP is also counting on the Bhavantar Bhugtan Yojana (BBY), to neutralise rural anger ahead of the elections. Dewas, Ujjain: After the violent protests of June 2017 and unremunerative prices for most crops in the last one and a half years, Madhya Pradesh Chief Minister Shivraj Singh Chouhan has one trump card — a Rs 5,000 crore-plus insurance payout...
More »Minimum support price: Unkept promises on cost mitigation, bad formula to determine MSP compound farm woes -Angarika Gogoi
-Firstpost.com Farmers across India are sceptical about the promised benefits of the minimum support price (MSP) promised by the government for their kharif crop. In a press release, the government announced that the MSP would be set at 50 percent over the cost of production and vowed to double farmers’ incomes by 2022. As Amrinder Singh Punia, a farmer and general secretary of the Punjab Agricultural University Kisan Club, points out, “Government...
More »Haryana government's hyped MSP scheme for vegetables comes a cropper -Sukhbir Siwach
-The Indian Express After the market rates crashed to Rs 1-2 per kg, only 565 tomato growers across Haryana received the average price difference payment of Rs 2,136. Kurukshatra: Jasbir Saini shows a message on his iBall mobile phone displaying an amount of Rs 296 credited to his bank account. That’s what the 47-year-old has received as “differential price” on the distress sale of his tomato crop under the Haryana government’s Bhavantar...
More »India needs both price and income support for farmers -Soumya Kanti Ghosh and Debashis Padhi
-Livemint.com The concerns about the downsides of these schemes are overblown, and they could go some way in alleviating rural woes Since the Union Budget 2018-19, there has been a great deal of discussion in the public domain regarding the health of the rural sector. We believe that the rural sector needs some policy intervention, be it price support or income support. As a case in point, the agri gross domestic product...
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