Media Monitor
Agriculture Industry
Punjab seeks ₹29,000-crore cash credit limit for wheat procurementedit
Hindustan Times – Online
As the food and civil supplies department gears up for wheat procurement from April 1, the Punjab government has sought a cash credit limit (CCL) of ₹29,000 crores from the Centre. According to the state agriculture department estimates, wheat production is likely to cross 170 lakh tonnes this rabi season, out of which 135 lakh tonnes is expected to arrive for procurement by the four state agencies and Centre’s Food Corporation of India (FCI). In the 2021 kharif season, state agencies had procured 190 lakh tonnes of paddy. On the Commission for Agricultural Costs and Prices (CACP) recommendations, the Union ministry of agriculture and farmers welfare has fixed ₹2,015 per quintal as the minimum support ...
Dairy Farming
J&K’s milky way: Tapping dairy farming potentialedit
Kashmir Monitor – Online
Livestock is emerging as an important sector in the socio-economic development of Jammu and Kashmir. With almost 80 per cent of the Union Territory population residing in rural areas, about 60 per cent of total revenue is generated by the agriculture and animal husbandry sector. As such, dairying has the potential to become an additional source of income for the citizens of Jammu & Kashmir. The Union Territory produces 70 lakh liters of milk per day whereas Kashmir, alone, produces about 40 lakh liters of milk per day out of the total. South Kashmir leads in milk production. In Jammu and Kashmir, thousands of farmers and budding entrepreneurs have been hugely benefited from dairy farming ...
Govt. Policies
To reduce MSP burden, MP to start crop diversification schemeedit
Hindustan Times – Online
Fearing that growing wheat could increase burden on state exchequer, the Madhya Pradesh government will start an incentive scheme to discourage farmers from growing wheat. Unlike wheat, there will be no minimum support price (MSP) for other crop-diversification, officials said. The MP government has done the highest wheat procurement of 356 lakh metric tonnes in 2020 and the government has paid ₹25,311 crore to farmers. In the past five years, wheat production increased from 219 lakh M T to 356 lakh MT, shows agriculture department data. Additionally, the government has paid ₹8,468 crore for paddy production in 2021. “We are shifting our approach so that farmers don’t need to sell their crop on minimum support ...
Tractor industry
Tractor market to uptick from mid next year: CNH Industrialedit
The Economic Times – Online
The tractor market, which has been seeing a decline in sales the past few months, will see an uptick starting the middle of next year, said agri machinery and construction equipment maker CNH Industrial. Raunak Varma, Managing Director, CNH Industrial India, said given low farm mechanisation levels, India has the potential to sell over 10 million tractors in the ongoing decade. “Tractor sales have declined the past few months because of high base and inflation. Long-term, though, there is a huge potential for growth in the tractor and farm equipment segment. Including replacement, the total equipment parc is currently 5 million units, as compared with the overall requirement of 16 million units”, informed Varma. ...