August 2, 2020

Agriculture Industry

Challenges of Farming Sector of India Amid COVID-19edit

Apeksha News

With the COVID-19 pandemic and the lockdown which can extend for some more time, there are now concerns rising over food supply.

The potential negative impacts of the pandemic on agricultural production, market stability, food supply is considerably significant.

Escorts to spend ₹250 crore on new product developmentedit

The Hindu Business Line

Tractor and construction equipment maker Escorts is planning a capital expenditure (capex) of ₹225-250 crore this fiscal in view of some favourable business prospects.

The company will be spending the proposed capex on new product development, and capacity addition in the machining division, which is meant for both Escorts and its JV with Japan’s Kubota Corporation, the company management said during the Q1 earnings conference call.

PUNJAB GOVERNMENT TO PROVIDE 23,500 SUBSIDIZED PADDY RESIDUE MANAGEMENT MACHINES TO FARMERS IN KHARIF SEASONedit

Punjab Update

To motivate the farming community to restrain from burning crop residue, the Punjab Government has decided to provide subsidy worth Rs. 300 crore ranging from 50% to 80% to farmers for the purchase of 23,500 agro-machines/farm equipments for the management of paddy residue during Kharif, 2020.

Disclosing this here today, Additional Chief Secretary (Development) Anirudh Tiwari said that state government has invited applications from farmers both individually and in groups to provide subsidy on the purchase of paddy residue management machines in the current Kharif season.

Pointing out further, Tiwari said that it has been decided to give these machines to 7000 farmers, 5000 cooperative societies, panchayats and farmers groups to refrain them from burning crop residue ...

Dry July turns Madhya Pradesh rain deficient; 20 districts stare at drought situationedit

The Week

Madhya Pradesh Chief Minister Shivraj Singh Chouhan’s short tweet—‘megha re barso’ (rain down clouds)—on Sunday probably is a good indicator of worrying rainfall situation in the state.

Considerably below par rainfall during the month of July has rendered the state rain deficient mid-way through the rainy season, totally nullifying the excess situation of June. So much so that 20 out of 51 districts in the state (according to meteorological records) are staring at drought situation, having received between 20 per cent to 41 per cent deficient rainfall up to August 2 (from June 1), data released by the Regional Meteorological Centre (RMC) at Bhopal showed.

Dairy farming made agriculture a profitable deal | Dairy farmingedit

Sachi Shiksha

Dairy farming made farming a profitable deal: Dairy farming: Farm-barn: Integrated farming system For those who call agri-business a loss deal, the young progressive farmer of Sarsa has tried to show that this agriculture can prove to be a profitable deal by adopting integrated farming system.

Competition

Sonalika leads industry performance with ever highest 71.7% domestic growth & overall 10,223 tractors sale. Surpasses industry growth in July’20.edit

India Education Diary

India’s one of the leading tractor manufacturer and No.1 Export brand from the country, Sonalika Tractor in July’20 records highest ever domestic growth of 71.7% & overall (Domestic+Exports) 10,223 tractors sale. Domestic sales stood at 8219 tractors compared to 4788 sales same period last year. The company continues to be on growth trajectory beating industry growth. Speaking on the performance, Mr. Raman Mittal, Executive Director, Sonalika Group, said, “Happy to share that we have recorded highest ever domestic growth of 71.7% in July’20 beating industry growth with overall sales at 10,223 tractors. This consistent performance, creating new record high and gaining market share is a testimony of our strong foundation and investment in world’s no.1 vertical ...
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