While the modal price looks to be a much better price that the farmers have got, it actually is a distress price. The same day, the modal price for moong was Rs 4,150 per quintal in the Madanganj and Kishanganj mandis. Against the MSP of Rs 5,575 per quintal, farmers’ earning was in the negative, a loss of more than Rs 1,600 per quintal on an average. I have therefore maintained that when the farmers cultivate crops, what they don’t realise is they are in reality cultivating losses. Lack of logistics and adequate infrastructure has deprived the remaining 94 per cent farmers of even seeking a claim over MSP.

Source: dna November 10, 2017 02:37 UTC