Farmers in India do not get remunerative prices for their crops even as consumers complain of high and rising food prices. A year of good production often turns out to be terrible for farmers because of the price crash. In his budget speech, the finance minister proposed raising the minimum support prices (MSP) to 1.5 times the cost of production.
Indian agriculture is at a crossroads, with a number of challenges and enormous opportunities. The key challenges are small and declining landholdings, price volatility and climate risks. Growing demand for food in the domestic and global markets offers huge opportunities.
Dr P K Joshi, Director South Asia, IFPRI was invited for discussion on national television around the recently held National Conference “Agriculture 2022- Doubling Farmers’ Income”. He spoke about the policies of Government that are working in favour of farmers so far and what more needs to be done to achieve this goal of doubling farmers income.