Media Monitor
Agriculture Industry
Farm profit on field crops set to rise 10-12% even as uneven rains impact kharif outputedit
Farm profit from field crops is expected to increase 10-12% in kharif season 2019 because of expected higher prices and despite lower output, CRISIL Research’s Agriculture Report 2019 said. After three years of healthy growth, kharif output this time could decline 3-5% because of lower sowing acreage and yields being impacted by uneven distribution of rains. Delayed onset of monsoon has already led to a sharp 6.4% decline in paddy sowing as on August 22, 2019. Paddy accounts for over 30% of kharif season acreage. However, area under cotton and maize cultivation would be higher than in the previous season as higher prices have encouraged farmers to sow them.
Agricultural Machinery Market in Indiaedit
Agriculture is an important sector of the Indian economy, with over 70% of the country\’s population depending on it as their major source of income.India holds the second position in the world in agricultural production. Currently, India is the largest producer of spices, pulses, milk, tea, cashew and jute, and the second largest producer of wheat, rice, fruits and vegetables, sugarcane, cotton, and oilseeds. In terms of agricultural contribution, some of the most developed states in India are Punjab, Uttar Pradesh, Madhya Pradesh, Haryana, Bihar, Andhra Pradesh, Maharashtra, West Bengal, and Gujarat. Mahindra and Mahindra, Escorts, VST, and Force Motors are the major players in the agricultural machinery market in India.
Punjab Farm Policy Drafts Set Limitation on Paddy Crop, Cut in Power Subsidyedit
Punjab State Farmers Commission (PSFC) has come up with many new initiatives and suggestions to strengthen its agriculture sector including limiting paddy cultivation by a Punjab farmer to a maximum of four hectares, sourcing milk and eggs for mid-day meal scheme, cutting down on agricultural power subsidy for big farmers and setting up of a crop compensation fund for failed crops to boost agriculture sector in the State. As per the report, these recommendations are a part of ‘first-of-its-kind policy’ for farmers in Punjab that the commission has been drafting for some time.
Government to check if cash reached the farmersedit
Commercial banks surpass target of agri credit in FY19, says RBI reportedit
The RBI Annual Report for 2018-19 on Thursday showed that commercial banks overshot their target of agriculture credit for the financial year 2019-20 and lent a total of Rs 9,496 billion as farm loan. The report further noted that the Kisan Credit Card (KCC) has emerged as an innovative credit delivery mechanism to provide adequate and timely bank credit to farmers under a single window for their cultivation and other needs.
NABARD advisory group seeks govt’s attention to formation of FPOsedit
The National Bank for Agriculture and Rural Development’s (NABARD) newly-formed regional advisory group (RAG) for Arunachal in its first meeting here on Thursday highlighted the need for the state’s policymakers to pay attention to the scope for formation of farmers-producers organisations (FPO)
India’s horticulture crop output rises 0.7% to 313.85 million tonnes in 2018-19edit
Area under horticulture crops rises to 25.49 million hectares in 2018-19. Department of Agriculture, Cooperation and Farmers Welfare has released the Third Advanced Estimate (2018-19) of Area and Production of various Horticulture Crops. As per the report, the total horticulture production of the country is estimated to be 313.85 million tonnes which is 0.69% higher than the horticulture production of 311.71 million tonnes in 2017-18. The area under horticulture crops has increased to 25.49 million hectares in 2018-19 from 25.43 million hectares in 2017-18.
Three top officials to supervise government departmentsedit
Bhuwaneshwar: The State Government on Thursday distributed various departments for supervision among top three administrators. While Chief Secretary Asit Kumar Tripathy will supervise 20 departments, Development Commissioner Suresh Chandra Mohapatra has been assigned 15 departments. Agriculture Production Commissioner Pradipta Kumar Mohapatra will be supervising five departments.
Competition
Agricultural Machinery Market in Indiaedit
Agriculture is an important sector of the Indian economy, with over 70% of the country\’s population depending on it as their major source of income.India holds the second position in the world in agricultural production. Currently, India is the largest producer of spices, pulses, milk, tea, cashew and jute, and the second largest producer of wheat, rice, fruits and vegetables, sugarcane, cotton, and oilseeds. In terms of agricultural contribution, some of the most developed states in India are Punjab, Uttar Pradesh, Madhya Pradesh, Haryana, Bihar, Andhra Pradesh, Maharashtra, West Bengal, and Gujarat. Mahindra and Mahindra, Escorts, VST, and Force Motors are the major players in the agricultural machinery market in India.
Agricultural Harvesting Machinery Market 2019 Technological Advancementsedit
Based on the Type of Machinery, Agricultural Harvesting Machinery market is segmented into the following: Grain Harvesting, Machine Threashers, Crop Harvesting Machine, Vegetables Harvesting Machine, Root crop Harvesting Machine. Key players profiles in the global Agricultural Harvesting Machinery market include: Deere & Company (U.S.), Mahindra Group (India)