Farmers to earn 9% profit over lower kharif, higher rabi output: CRISIL

Maharashtra, Madhya Pradesh, Karnataka, Kerala, Andhra, Rajasthan and Odisha had crop damage due to excess rain and floods

Farmers are likely to generate 7-9 per cent more in profit during the crop year 2019-20 (July-June) because of an increase in overall prices of farm commodities on lower kharif yield and higher productivity from rabi crops, according to a study from ratings agency CRISIL.
 

In 2018-19, farmers had generated 26 per cent higher profit year-on-year over the low base of the preceding year, 2017-18. The latter saw per-hectare profit decline due to low wholesale (mandi) prices following a bumper crop.

“Unprecedented heavy rainfall in September-October would lower kharif crop production by 4 to 6 per cent year-on-year. On the other