Making a new beginning on farm reforms

20/04/2024

Making a new beginning on farm reforms

Satish Y. Deodhar Vijay Kelkar

Journal Articles

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Minimum support price is not tenable on the grounds of impracticality of its measurement, lack of reach, financial implications, negative externalities associated with wrong incentives, and inefficiency in its execution. Alternatively, an agricultural and food marketing council on the lines of the Goods And Services Tax Council comprising representatives of the union and state governments can be constituted. It requires creating a comprehensive mechanism of direct benefit transfer and structural adjustment programme to provide production-limiting and production-switching incentives, compensation to agricultural produce market committees for loss of revenue for some period after nationwide integration of agricultural markets, and basic income to farmers.

IIMA