Zankat is back to cultivating only groundnut, whose prices are ruling at Rs 5,000 per quintal.
He was forced to offload nearly 40 quintals in the local Dewas mandi at Rs 1,200 per quintal, while being able to sell only 20 quintals to the government at the minimum support price of Rs 1,450.
Even taking the reduced costs and 20-22 quintals/acre yields, the profits from Pusa-1121 at Rs 2,100-2,200/quintal are nowhere close to when prices were Rs 4,400-4,500.
The Indian Express reporters travel into the interiors to understand what’s in the mind of farmers as kharif plantings gather pace.
Reports that Greece has given its creditors new proposals on a bailout boosted market sentiment.
Above-normal monsoon progress, strengthening of rupee also help in cheering up the markets.
Warehouse receipts were made negotiable under the Warehouse (Development and Regulation) Act, 2007.
Indian Express trace Bihar’s recent emergence as a maize powerhouse with farmers harvesting yields comparable to Midwest US levels.
Threat of a poor monsoon came in the way of a deeper rate cut by RBI. Now, government must keep an eye on food inflation.
The delayed onset has added to the concerns on the monsoon front this year.
Maharashtra’s horticulturists have had a good run since the 1990s when subsidies under the Employment Guarantee Scheme were offered to small and marginal farmers.
Monsoon to come early, but El Nino almost certain to have an impact.
The Budget 2015-16 had allocated Rs13,000 crore to the scheme, under which banks extend short-term loans of up to Rs3 lakh to farmers at an interest rate of 7 per cent.
Harish Damodaran explains the relationship between El Niño and the Indian monsoon, and the implications for the economy.
In the last 140 years, over half of the major droughts in India have coincided with the El Niño Southern Oscillation events