Innovative ways to increase farm income
India needs professionals who can develop commodity and region-wise clusters of farmer groups for marketing and participation in the futures market
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. The question is, how can we harness opportunities and overcome constraints to raise farmer incomes, especially small and marginal farmers? As many as 86% of the holdings in India are small and marginal, with less than 2 hectares of land. Several new programmes and schemes have been launched by the government to increase farm income. There are several mega flagship programmes, including the Pradhan Mantri Krishi Sinchayee Yojana, Soil Health Card scheme and Pradhan Mantri Fasal Bima Yojana. This year, the Union budget has also fulfilled a long-standing demand of farmers to fix minimum support prices at 50% above production cost. All these programmes will enhance farmer incomes if implemented effectively.
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