Media Monitor
Agriculture Industry
How falling farm incomes impact India’s economyedit
Mint – Online
After a period of robust crop prices, farm incomes are likely to take a hit in 2023 following a glut in perishable prices and damage wreaked by unseasonal rains. Coupled with stagnant rural wages, this could delay the recovery in consumption. Mint explains: What’s happening with farm incomes? In 2022, following the Ukraine war, the prices of most agricultural commodities shot up. Now, except for cereals, farm gate prices have softened. Most varieties of pulses and oilseeds are now selling at lower than the minimum support price (MSP). In January and February, prices of perishables like tomatoes, onions and potatoes crashed owing to a supply glut during harvest. Farmers were forced to sell at less than ...
Events
Krishi Sanyantra Concludes with Focus on Empowering Farmers with Technologyedit
Krishi Jagran – Online
The three-day event “Krishi Sanyantra Mela” was held in the Kuruda Field, Balasore district of Odisha from March 25 to March 27, 2023, where a large pool of farmers participated and received information related to agriculture including the new technologies. Farmers, agricultural engineers, agricultural scientists, and agriculture officials from different parts of the state, especially from different places in Balasore, participated in this event to explore the latest agricultural technology and equipment. In today’s event, the agriculture and allied sectors of Odisha were encouraged along with the expansion of the agricultural sector of the Balasore district.
Govt. Policies
Yogi Adityanath government selects Ayodhya to launch this big projectedit
ET Now – Online
The Yogi Government of Uttar Pradesh has selected Ayodhya for launching the pilot project of the state government to promote production of coarse grains, including millets in the state, according to a IANS report. The state government is planning to spend about Rs 100 crore, as proposed by the agriculture department, to promote production and consumption of coarse grains in the state, according to a spokesperson. The government wants people to include coarse grains in their daily diet and it is preparing a blueprint to release grants and subsidies for setting up of processing units.
Monsoon + Indian Agriculture
Will weak monsoons sap rural demand? Rural sector much bigger than just agriculture, says Jefferiesedit
MoneyControl – Online
Concerns of weak monsoon impacting rural demand are not justified as the rural GDP (40% of economy) is far bigger than the agri GDP (18%), while structural improvements such as better roads, credit, irrigation, and digitisation have reduced the monsoon dependence of the farm sector, brokerage Jefferies said. The comments come amid worries over El Nino (the warming of the central and eastern tropical Pacific Ocean) impacting monsoons this year.