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There is fear that this will reduce the degree of government subsidies that farmers recieve. Current yields of Indian crops aren't stagnant, but there are fear
by strategyanalyst 6y ago
There is fear that this will reduce the degree of government subsidies that farmers recieve.
Current yields of Indian crops aren't stagnant, but there are fears that water levels are too low to keep them rising fast enough for the coming rise in demand.So too much land on water consuming paddy crops may be bad in long run. Bill tries to push towards diversification by introducing agri markets that may raise investment in nontraditional crops.
http://amp.scroll.in/article/821052/punjab-is-set-for-record-rice-production-this-year-but-at-a-heavy-price http://amp.scroll.in/article/821052/punjab-is-set-for-record...
Fear is also that this will hit farmers in state of Punjab and Northern UP the most. They rely on a system of guaranteed crop buying by government. Moving to market model may lead to changes that proponents say will raise their income but they believe it will lead to corporations eating away the profits.
- higerordermap 6y agoTheir fear is mostly about MSP (Minimum selling price) and lack of ability to negotiate with corporate buyers. There are indeed some monopoly dangers. And govt is hesitant to do anything about MSP but pay lip service. This combined with Modi's reputation for allying with big corporations is the reason for backslash. Of course there are political motives too..