9 ms·
Currently: - farmers may grow certain crops... - ...that india doesn't need or want (it has surplus in storage)... - ...and the government is obliged to pay
by reactspa 6y ago
Currently:
- farmers may grow certain crops...
- ...that india doesn't need or want (it has surplus in storage)...
- ...and the government is obliged to pay the farmers higher than market rates (MSP = minimum support price) for doing so.
It's unfortunate that farmers have gotten acclimated to this market distortion... but it's simply not sustainable for a poor country like India. India needs a strong food export sector, and in order for that to happen, India's farmers need a non-distorted view of market-demand.