Rewind 2018: Problem of plenty leads to price concerns in agri sector

The government increased budgetary allocation for the sector, and launched several schemes to reduce input costs

farmer, msp, agriculture
To appease farmers ahead of 2019 parliamentary elections the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, last week raised MSP by 4-53% across all agri-commodities for kharif in 2018
Business Standard
Last Updated : Dec 26 2018 | 11:19 PM IST
The main concern for farmers in 2018 was prices for their produce, leading to agitations across India. The sector was hit by demonetisation and the goods and services tax. 
 
The government increased budgetary allocation for the sector, and launched several schemes to reduce input costs. However, their implementation remained tardy. 
 
Farm prices continued to fall below the minimum support price. Farmers in Maharashtra and Gujarat, was also hit by drought. The government, however, set its sights higher and announced an ambitious plan to double farm incomes by 2022-23.















Also Read




















One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story