ads

The rot in farming: on farmers agitation and sustainable pricing for their produce

We must enable a sustainable price discovery for agricultural produce

To say it is a domino effect of the loan write-offs for small and marginal farmers by the Uttar Pradesh government may be simplistic, but farmers in different parts of the country have begun agitating for waivers. In Tamil Nadu, they have given the State government two months to meet their demand for a full waiver or face a fresh agitation. Maharashtra Chief Minister Devendra Fadnavis, in the face of protracted protests by farmers, has announced a blanket loan waiver for ‘needy’ farmers, with an estimated outgo of ₹35,000 crore. In Madhya Pradesh, Chief Minister Shivraj Singh Chouhan has resisted announcing a waiver, but unveiled a ‘package’ that includes a ‘settlement scheme’ to bring loan defaulters back into the credit net with interest-free loans. Farm groups in Punjab also began dharnas on Monday for loan waivers and other interventions. Finance Minister Arun Jaitley has categorically said States must generate their own resources to fund such largesse, and the Reserve Bank of India has warned of inflationary risks from fiscal slippages caused by large farm loan waivers. However, it would be short-sighted to see the rising angst in the farm sector as simply the desire of farmers around the country to keep up with U.P. There are deeper reasons that must be addressed holistically.

The problem is price discovery. In fact, there is deflation in pulse and vegetable prices. The RBI has acknowledged that already falling vegetable prices dipped more sharply because of ‘fire sales’ following demonetisation, and pulses are cheaper because of high output on top of imports. Prices for eggs, oils, cereals and milk are moderating, and while the sharp fall in food prices has kept consumer price inflation tepid, rural distress has been aggravated. The new cattle trade rules threaten the viability of livestock and dairy farming. Banks are awash with funds since the note ban, but rural lending growth collapsed to 2.5% in the second half of 2016-17 and even shrank in several States, including Punjab and Maharashtra. Prices of fuel used by rural households have surged for three successive months. It is this squeeze on several fronts that seems to have pushed farmers to the brink. In consultation with the States, the Centre must reconsider whether it is prudent to narrowly target low food inflation. If India wants to be the world’s food factory, its farm policy needs to recognise farmer requirements for state support. If consumers and producers can benefit from a single national market in the GST era, farmers should also have the freedom to sell their produce where and when they want — with a predictable policy framework (no flip-flops in export-import stances, for instance) that enables farm-to-fork supply chains independent of local mandis and traders. Labour and land reforms also need to be revisited to create more opportunities beyond farming, and irrigation and other infrastructure projects speeded up to boost farm productivity.  Source: THE HINDU

IMPORTANT WORDS FORM ARTICLE & THEIR MEANING

1) Agitation (आंदोलन) - A-je-ta-tion

Meaning - the arousing of public concern about an issue and pressing for action on it - Noun
Synonyms - campaigning, striving
Antonyms - harmony, peace
Example - Small shopkeepers carried on a long agitation against the big department stores.

2) Unveiled (अनावरण किया) - Un-whale-ed

Meaning - remove a veil or covering from, in particular uncover (a new monument or work of art) as part of a public ceremony - Verb
Synonyms - disclose, display
Antonyms - conceal, cover
Example - The club has unveiled plans to build a new stadium.

3) Tepid (बेमन से दिया गया) - Tap-idd

Meaning - showing little enthusiasm - Adjective
Synonyms - unenthusiastic, apathetic
Antonyms - enthusiastic, passionate
Example - The president has seen his popularity grow tepid ever since he mishandled the budget crisis.

4) Aggravated (बहुत बिगड़) - Egg-ray-weight-ed

Meaning - (of an offence) made more serious by attendant circumstances - Adjective
Synonyms - bother, irritate
Antonyms - delight, help
Example - Their money problems were further aggravated by a rise in interest rates.

5) Viability (व्यवहार्यता) - Via-bil-ity

Meaning - ability to work successfully - Noun
Synonyms - activity, growth
Antonyms - abstract, apathy
Example - There's a very large question about the viability of the newspaper.

6) Shrank (सिकुड़ना) - Shi-rank

Meaning - past of shrink - Verb
Synonyms - decrease, diminish
Antonyms - develop, enlarge
Example - He shrank back against the wall as he heard them approaching.

7) Prudent (विवेकी) - Pru-dent

Meaning - acting with or showing care and thought for the future - Adjective
Synonyms - judicious, sensible
Antonyms - careless, expensive
Example - It would be prudent to save some of the money.

8) Perseverance (दृढ़ता) - Per-see-wear-ance

Meaning - persistence in doing something despite difficulty or delay in achieving success - Noun
Synonyms - persistence, determination
Antonyms - idleness, hesitation
Example (English) - Mathematician Anand Kumar attributed the success of Super 30 to the perseverance of students.
Example (Hindi) - गणितज्ञ आनंद कुमार ने छात्रों की दृढ़ता को सुपर 30 की सफलता का श्रेय दिया।

Now considering the article above as a Reading Comprehension question, try to answer the following -
  • What is the problem behind the fact?
  • What is the going on concern scenario?

Given below are some words to check your vocabulary you can make sentences with those words in the comment section which will be reviewed by us.
  • Predictable
  • Slippages
  • Holistically
  • Dipped
ads
Share To:

IBTS INSTITUTE

India's Leading Institution for Competitive Exams in Chandigarh visit www.ibtsindia.com

Post A Comment:

0 comments so far,add yours