-The Hindu Business Line
New Delhi: Contrary to popular perception, opting for a revenue share, as recommended by the C Rangarajan panel in 2012, instead of the practice of paying a fair and remunerative price (FRP) for sugarcane, would not have resulted in any loss for farmers. Rather, farmers would have gained Rs.8,000-9,000 crore more in the past 10 years, said Commission for Agricultural Costs and Prices (CACP) Chairman Vijay Paul Sharma on Thursday.
The CACP, which compared the revenue-share mechanism with the FRP for 10 years — from 2009-10 to 2018-19 — found that farmers would have got more than the FRP during five of these 10 years on account of higher sugar prices, and slightly less than the FRP during the other five.
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