Agricultural reforms should start with our land policy
The grievances of Indian farmers, even rich farmers of Punjab and Haryana, are real. The benefits of the Green Revolution have reached maximum potential, and farmers find themselves with very few avenues to increase their incomes
I hold what is clearly a minority view of the current farmer protests. I have argued in these pages that abolishing the monopoly of Agricultural Produce Marketing Committees (APMCs), as well as bringing in reforms for contract farming, will benefit farmers. And to increase agricultural incomes, India also needs better contract enforcement, better transportation infrastructure, and ways to incentivize private-sector investment in storage and warehousing. But I also sympathize with the current protests, though farmers are seeking entitlements like minimum support prices (MSPs). Their grievances are a result of state policies trapping them in low-productivity agriculture.