Thursday Blog 6.12.12

Hundreds of Indian farmers commit suicide and their families are ruined in the vicious circle of debt.

A report says:

• In the past few years, over 4,000 farmers have killed themselves, trapped in a vicious cycle of debt, crop failure and penury.

• Nearly half of Indian farmers are gripped by debt. 82 per cent of Andhra’s farmer households are indebted; it’s 74.5 per cent in the case of Tamil Nadu.

• While agricultural incomes are rising by only 1.5 per cent, consumption expenditure is going up by almost 4 per cent.

• The total short-term credit required for crops is about Rs 1 lakh crore a year. Financial institutions supply only 12-14 per cent of this.

• The share of long-term credit to agriculture declined from over 20 per cent in the 1970s, to 15 per cent in the 1980s, and to 12 per cent in the 1990s.

• From 16.4 per cent in 1979-80, plan outlay for agriculture slumped to 6 per cent in the 1980s, and to 4.9 per cent in the Ninth Plan (1997-2002).

A huge number of Indian families are dependent on either agriculture or agriculture related other trades.

When will something serious be done for these people, who due to their very little knowledge of modern world, its greed are easiest bait of exploitation.

Big companies pay fair price for the agricultural products, so do we, actually we pay killer price for things, then where does that money goes?

SOURCE OF INFORMATION: APPARENTLY QUITE TRUSTWORTHY SITES OF INTERNET LIKE NEWSPAPERS (MOSTLY).

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18 comments

  1. It is the so called free market that creates the poverty for the farmers and creates the wealth for the landholders. It is like gravity. Money collects were the money is already. The Indian government must interfere with regulations to create a fairer playing field for the people who work the land.

    Has anybody heard of Henry George and his book “Progress and Poverty” in India?

    1. There are also the continuing agricultural subsidies in US, Canada Europe, etc. that hold prices down while providing corporate welfare, and the influence of goods produced by forced labor on the market…. slaveryfootprint.org

  2. And this is why I think FDI will be good..with contracts and reimbursments,even when the produce isn’t good,the farmers will get paid as per their contracts

  3. This has been prevalent here in Australia too, Sharmishtha.
    Living on the land can be so downheartening at times…!
    We suffer long years of drought, and then too much rain sometimes…
    A farmer’s life is not an easy one..

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