Farming community is bracing itself for income loss due to lower productivity from last year’s deficient rainfall as well as lower price realization in the market
Last month’s untimely rains have only added to the long list of problems that the Indian farmer faces. Declining global and domestic prices have already led to a crisis in the agricultural sector. The farming community is bracing itself for income loss due to lower productivity from last year’s deficient rainfall as well as lower price realization in the market. With the government already lowering procurement of cereals, this could mean a deeper crisis in the agricultural sector. While some of these are temporary and may see a reversal in trends as and when global prices start moving up, along with an expected better monsoon this year, the agricultural sector is also suffering from policy mismanagement in the case of crucial inputs. A good example of this is the mess created by successive governments as far as fertilizer is concerned.
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