The few farmers who fear losing their privileges can be brought around by a well-calibrated transition
f liberalizing agricultural markets is such a good idea for farmers, then why are farmers protesting?" enquired a reader of this column. To clarify, only a small minority of farmers are protesting. If a majority of India’s 250 million-plus farmers were doing so, the country would have come to a standstill. But his question can be answered through the insights of Gordon Tullock’s 1975 paper The Transitional Gains Trap.