Government has set target to double income of farmers by 2022
Can it be achieved?
- We need a growth of 10% to achieve that
- Income can be achieved by:
- Increasing profit i.e.by increasing selling price of produce
- Decreasing cost i.e. by decreasing cost of production via technology and economics of scale
Why it is difficult?
- Agriculture Growth has decreased since 2011-12 to around 1%
- Input cost is increasing due to rise in prices of seeds, fertilisers etc.
- Absence of marketing infrastructure. Too many middlemen.
- Agriculture being state subject, it is difficult to bring a drastic change in it regulatory and facilitative mechanism.
- Minimal insurance coverage