A gem of an column today in #ET by Praveen Singh Pardeshi.
Some interesting numbers in below tweets on how the new #FarmLaws2020 should help the poor farmers of India big time.
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Some interesting numbers in below tweets on how the new #FarmLaws2020 should help the poor farmers of India big time.
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1) 80% of India's farms are < 2 hectares. They can become richer by forming Farmer Producer Companies (FPCs).
In Maharashtra 10,000 grape, vegetable & tomato farmers work with Sahyadri Agro Farms, which directly markets their produce to Tesco in Europe. Setup cold storage too.
In Maharashtra 10,000 grape, vegetable & tomato farmers work with Sahyadri Agro Farms, which directly markets their produce to Tesco in Europe. Setup cold storage too.
2) 6900 mandis of India havs monopoly to buy goods from 14,50,00,000 farmer families, and sell to 130,00,00,000 consumers!
In Karnataka, a unified agri market has already led to 5.1% increase in agri goods price, with profit margins of small farmers increasing by 39 to 159%!
In Karnataka, a unified agri market has already led to 5.1% increase in agri goods price, with profit margins of small farmers increasing by 39 to 159%!
3) Farmers in India get only 40 to 60% of the final market price. Remaining is for intermediaries.
RBI estimates that farmers get just 28% of final market price for potato & 49% for rice. The current APMC regime NOT helping farmers.
MSP benefits only 6 to 11% of Indian farmers.
RBI estimates that farmers get just 28% of final market price for potato & 49% for rice. The current APMC regime NOT helping farmers.
MSP benefits only 6 to 11% of Indian farmers.
4) India loses 40% of its annual fruits & vegetables as it processes only 2.2%. China 23%.
Removal of stocking limits & allowing contract farming, will allow farmers to get more agro-processing and logistics facilities for future generations. They should become more prosperous!
Removal of stocking limits & allowing contract farming, will allow farmers to get more agro-processing and logistics facilities for future generations. They should become more prosperous!
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