Farmer’s Income

Government has set target to double income of farmers by 2022

Can it be achieved?
  • We need a growth of 10% to achieve that
  • Income can be achieved by:
    • Increasing profit increasing selling price of produce
    • Decreasing cost i.e. by decreasing cost of production via technology and economics of scale
Why it is difficult?
  • Agriculture Growth has decreased since 2011-12 to around 1%
  • Input cost is increasing due to rise in prices of seeds, fertilisers etc.
  • Absence of marketing infrastructure. Too many middlemen.
  • Agriculture being state subject, it is difficult to bring a drastic change in it regulatory and facilitative mechanism.
  • Minimal insurance coverage

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