Media Monitor
Agriculture Industry
Farmers’ Income Doubled in 2022 Compared to 2018 for Certain Crops in Some States SBI Reportedit
Krishi Jagran – Online
According to the State Bank of India’s Economic Research Department (ERD), farmers’ income increased by 1.3–1.7 times in some States (such as cotton in Karnataka and soyabean in Maharashtra) and by two times for some crops in FY22 compared to FY18. The ERD examined primary data of SBI’s agriculture portfolio across States and reached the aforementioned result. According to the report, it’s interesting to note that farmers who cultivate non-cash crops like wheat, rice, maize, and millets have seen a smaller gain in income than those who plant cash crops like tea, coffee, sugarcane, cashew, and rubber. Along with agricultural income during the same timeframe, allied/non-farm income significantly increased by 1.4–1.8 times in the majority ...
Competition
Mahindra to acquire balance 20% stake in Sampo Rosenlew for Rs 35 croreedit
Financial Express – Online
Mahindra & Mahindra has hiked its stake in its Finland-based arm Sampo Rosenlew Oy to 100% with the acquisition of residual shares for over Rs 35 crore. The move follows Mahindra’s earlier announcement in December 2020, when it increased its stake in combine harvester maker Sampo Rosenlew Oy to 79.13% with the acquisition of additional 1,050 shares for Rs 31.15 crore. Mahindra had executed an option exercise share purchase agreement to acquire 1,317 equity shares of Sampo Rosenlew, pursuant to the exercise of a call option by it on the other shareholder of Sampo. Subsequently, the shareholding and consequent voting rights of Mahindra in Sampo would increase from 79.13% to 100% of the equity share ...
Dairy Farming
White revolution: Milk production increases by 250%; 50,000 dairy units operational in J&Kedit
Kashmir Monitor – Online
J&K government has formulated attractive schemes to improve the dairy sector in Jammu and Kashmir which is directly proportional to improving the socio-economic condition of people. To double the Farmer’s income from dairying, the Administration is working tirelessly to ensure utmost priority is being extended to dairy development in the union territory by way of implementing various developmental schemes, initiatives, and policies, among others. The integrated dairy development scheme (IDDS) is another scheme that not only focuses on providing financial assistance but also supports the dairy producer by providing milking machines, and bulk milk cooling units at a 50% subsidy. The scheme also includes a paneer making machine, khoya making, Dahi making, cream separator, ice ...
Technology in Agriculture
Incorporating Machine Learning Algorithms in Agriculture Industry Can Substantially Increase Productionedit
Krishi Jagran – Online
Machine learning algorithms are being increasingly used in agricultural production, yield prediction, and forest management research. Machine learning is an artificial intelligence application that allows a machine to learn from examples and experiences without explicit programming. Machine learning refers to a class of methods that enable software programs to become increasingly accurate in predicting outcomes from research-relevant systems. The fundamental idea of machine learning is to create algorithms that can collect input data and apply statistical analysis to predict an output while updating results as new data becomes available. The primary principle of machine learning is to create algorithms that can take input data and use statistical analysis to predict an output while updating outcomes ...
Monsoon + Indian Agriculture
Telangana: Rains in Mancherial destroy crops on 30,000 acresedit
The Siasat Daily – Online
The severe rain that pounded Mancherial for six days continued last week and caused devastation to roughly 18000 farmers in the region, destroying standing crops on 27592 acres. This is according to statistics supplied by the Telangana government. While the cotton crop on 26,284 acres was impacted, the floods inundated 590 acres of paddy crop. The agricultural damage was estimated to cost Rs 10 crore, Paddy farmers accounted for 1847 of the total. The farmers who sowed cotton and paddy crops in the last week of June were hopeful due to plentiful rainfall but were devastated by the constant rains, which caused massive losses to the agricultural community. Farmers in Chennur, Mancherial, and Bellampalli ...
Uneven monsoon hurts kharif sowing in Chittoor districtedit
Deccan Chronicle – Online
While it has been raining heavily in some parts of the state, uneven rainfall in Chittoor district has left the farmers in deep distress. With more than half of the district receiving inadequate rainfall so far this month, farmers are apprehensive about timely sowing of the kharif crops. According to the district authorities, about 18 of 31 mandals in the tail-end district are reeling under deficient rainfall, while one is facing a severe rain shortfall since July 1. Only nine mandals received normal rainfall. Excess rainfall was recorded in four mandals. So far this month, the district has recorded actual rainfall of 30.5mm as against the normal rainfall of 103.5mm, registering a -70.5 per cent ...
Paddy in India
Paddy lying in mills starts germinating as Centre, Telangana government wrangleedit
The New Indian Express – Online
Paddy worth around Rs 1,500 crore, which was supplied to rice millers by the State government for custom milling, is now either discoloured, damaged or has germinated or has become unfit for consumption. This colossal waste was the direct consequence of the Food Corporation of India (FCI) not procuring the custom-milled rice from rice millers. According to an estimate by the millers, around 3 lakh metric tonnes of paddy was fully damaged, nearly 5 lakh metric tonnes partly damaged and another 2 to 3 lakh metric tonnes has developed moisture content. At this juncture, who will have to suffer the huge monetary loss? While the Civil Supplies Department officials are holding rice millers ...
Cotton sowing acreage high, but paddy low in Gujarat this seasonedit
The Indian Express – Online
Cotton sowing area in Gujarat covers more than half the acreage for Kharif sowing in this season so far, while paddy saw the lowest acreage even as the extremely heavy rain in some parts of the state has caused huge damage to paddy, soybean, cotton and horticulture produce mostly in central and south Gujarat. Even as Union Food Minister Piyush Goyal urged farmers of the country to plant more paddy to boost rice production, farmers of Gujarat have planted this crop in 2.55 lakh hectare only so far while Cotton sowing acreage high, but paddy low in Gujarat this season cotton is on 23.11 lakh hectare. The latest sowing figure is marginally higher than ...
Stubble Burning
Delhi, Punjab govts working on joint proposal to pay farmers for not burning paddy stubbleedit
Hindustan Times – Online
The Aam Aadmi Party (AAP) governments in Punjab and Delhi are proposing a scheme that would give Punjab’s farmers ₹2,500 per acre as an incentive for not burning crop residue during the upcoming kharif harvest season, people familiar with the matter said. The move is aimed at tackling paddy stubble fires — a major contributor to severe air pollution in the National Capital Region before the advent of winter. HT learns that the AAP government in Delhi has agreed to share a part of the cost for the scheme, which may also require a significant contribution from the Union government. Punjab chief secretary VK Janjua confirmed that the proposal is being fine-tuned. The scheme involves ...