India had record food production in 2017-18, but farmers’ income remained low and stagnant. The shift in focus from food production and productivity to farmers’ income and welfare was essential. While increasing productivity is one way to increase farmers’ income, it is even more important to ensure remunerative farm harvest prices. India had record food production in 2017-18, but farmers’ income remained low and stagnant. In fact, controlling prices, through public procurement, or BBY, may not be the way to increase farmers’ income.

Source: Mint May 26, 2018 13:18 UTC