Page 21 - Agriculture Economy

Why India's shot at self-sufficiency in pulses could boil down to imports

Between 2016 and 2023, the average annual production of all pulses in India rose from 16-18 million tonnes to 22-25 million tonnes

Reverse migration impact: Village women face new challenges as men return

When people returned from other countries, the men took the place of women, not just in agriculture but also in other places

Rice export rates hit record highs on dwindling supplies, firm demand

Traders noted that domestic supplies are accumulating, and that harvest has begun partially in the Mekong Delta, which is expected to peak in March

Electricity use in agriculture sector jumps to 37.1% since 2009-10

The share of direct energy use in the form of electricity in the agriculture sector in India rose from 28.75 per cent in 2009-10 to 37.1 per cent in 2019-20 of the total energy use, according to a new data yearbook by The Energy Research Institute (TERI). The total commercial energy input to agriculture rose from 1496 ? 10^9 megajoules (MJ) in 2009-10 to 2050 ? 10^9 MJ in 2019-20, it said. Both direct (electricity and fuel) and indirect (nitrogenous and phosphorus fertilisers, and pesticides) energy use in Indian agriculture have increased over the years. Indirect use of energy in the form of fertilisers contributed 68.4 per cent in 2009-10 but reduced to 60.61 per cent in 2019-20. Electricity consumption in agriculture is increasing, driven by higher irrigation demand for new crop varieties and subsidised electricity provided to the sector, it said. In 2021-22, the agriculture sector contributed 18.6 per cent of gross value added in India. It provided livelihood and employment to

Uttarakhand govt raises sugarcane advised price to Rs 375, beats UP's rate

The Uttarakhand government on Wednesday declared the State Advised Price (SAP) of early and common variety of sugarcane for the current crushing season 2023-24 at Rs 375 and Rs 365 per quintal respectively. The decision was taken at a meeting of the state cabinet chaired by Chief Minister Pushkar Singh Dhami. Compared to the previous crushing season 2022-23, the price of sugarcane has been increased by Rs 20 per quintal, Chief Secretary SS Sandhu told reporters at a media briefing after the cabinet meeting. The price of early variety sugarcane has been fixed at Rs 375 per quintal and Rs 365 per quintal for the normal variety, he added. The Uttar Pradesh government had also recently increased the price of sugarcane by Rs 20 per quintal compared to last year setting the state advised price of the early variety at Rs 370 per quintal. Therefore, the Uttarakhand government felt under pressure to declare higher sugarcane prices than neighbouring state. Apart from this, the state govern

NITI, govt launch forum for advancing climate resilient agri-food system

NITI Aayog, Ministry of Agriculture and Farmers' Welfare (MoA&FW), and Food and Agriculture Organization (FAO) of the United Nations on Wednesday jointly launched the 'Investment Forum for Advancing Climate Resilient Agrifood Systems in India', an official statement said. The initiative aims to develop an investment and partnership to advance climate-resilient agrifood systems among the government, private sectors, and farmers' organisations, and financial institutions in India, it said. Delivering the keynote address at the inauguration, NITI Aayog Member Ramesh Chand emphasised on the need for awareness on how agriculture contributes to climate change, citing a contribution of a little more than 13 per cent of the total greenhouse gas emissions in the country. He observed that agriculture could play a role in carbon sequestration through tree plantation on farmland. Chand also called for a new direction in economic analysis of agriculture production, considering the impact on ...

Farmer groups to observe 'Bharat Bandh' on February 16, says Rakesh Tikait

Farmer leader Rakesh Tikait on Wednesday said farmers would observe a 'Bharat Bandh' on February 16 over several issues in the country including non-implementation of a law that guarantees MSP for crops. Besides farmers' groups, traders and transporters have also been asked to support the cause and observe a work strike that day, said Tikait, the national spokesperson of the Bharatiya Kisan Union (BKU). "We have called for a 'Bharat bandh' on February 16. Several farmers' groups are part of it, including the Sanyukta Kisan Morcha (SKM). Farmers should also not go to their farms on that day and strike work. Earlier also farmers skipped the day of 'Amavasya' from working on the fields. Likewise, February 16 is 'Amavasya' only for farmers. They should not work that day and resort to 'agriculture strike'. This will send a big message in the country," he told reporters in Muzaffarnagar. "We are also appealing to traders (for support) and people should also not make any purchase that day.

Growing better crops

The adoption of hybrid seeds by Indian farmers was not an accident, but it was through the application of a well-designed consumer strategy

Govt may increase agri-credit target to Rs 22-25 trn in interim Budget

The government is likely to announce in the upcoming interim Budget a substantial increase in the agricultural credit target to Rs 22-25 lakh crore for the next fiscal and ensure every eligible farmer has access to institutional credit, according to sources. The government's agri-credit target is Rs 20 lakh crore for the current fiscal. Currently, the government provides interest subvention of two per cent on short term agri-loans of up to Rs 3 lakh for all financial institutions. This means farmers are getting a farm loan of up to Rs 3 lakh at a concessional rate of 7 per cent per annum. An additional interest subvention of 3 per cent per annum is also being provided to farmers who repay on time. Farmers can also avail long term loans but interest rate is as per the market rate. For the 2024-25 fiscal, there could be a sharp increase in the agri-credit target to Rs 22-25 lakh crore, sources said. According to the sources, there is more focus on agri-credit and the government is .

Farmers made huge contributions to make India 5th largest economy: VP

Vice President Jagdeep Dhankhar on Saturday said farmers have made an immense contribution to make India the fifth largest economy in the world. Addressing the 38th Foundation Day programme of the Indira Gandhi Krishi Vishwavidyalaya in Raipur, he said farming is not just a means of livelihood but also a driving factor for economy and social development. "By implementing modern technologies in agriculture, the goal of ensuring food security and making India a developed nation by 2047 can be achieved," the Vice President said. He said India is developing rapidly and the contribution of youths will further accelerate the pace. Dhankhar stressed the need to use modern technology in farming. He urged students and scientists to share their knowledge with farmers and encourage them to utilise available resources. "Chhattisgarh has a rich agricultural heritage. The state is witnessing an exciting era of innovation in the field of agri technology," Dhankhar said. During the program, he .

Wheat sown area crosses 34 mn hectares, pulses coverage lags: Govt data

The total area sown to wheat has crossed 340 lakh hectares in the current rabi season of the 2023-24 crop year (July-June), but pulses coverage remained lower, according to the agriculture ministry data released on Friday. The sowing of wheat, the main rabi (winter) crop, that began in October has been completed. Uttar Pradesh, Madhya Pradesh, and Punjab are the top three states having the maximum area under wheat coverage. As per the ministry's latest data, wheat has been sown in 340.08 lakh hectare as on January 19 of the ongoing rabi season, as against 337.50 lakh hectares in the year-ago period. While area sown to coarse cereals and oilseeds remained higher than the previous year, the coverage of pulses and paddy was down in this rabi season. Pulses have been sown in 155.13 lakh hectares in 2023-24 rabi season, down from 162.66 lakh hectares in the previous year. Area under gram, urad and moong remained lower, the data showed. However, lentil (masur) area is higher at 19.51 l

Wheat production likely to be good this year: Agri Minister Arjun Munda

The country's wheat production is expected to be good this year amid higher coverage, according to Agriculture Minister Arjun Munda. The sowing of wheat, the main rabi (winter) crop, that began in October has been completed. Uttar Pradesh, Madhya Pradesh, and Punjab are the top three states having the maximum area under wheat coverage. "As per the sowing data, wheat has been covered in more area and we expect good production this year," Munda told PTI. As per the ministry's data, the total acreage under the wheat crop remained higher at 336.96 lakh hectares till the last week of the current rabi season of the 2023-24 crop year (July-June), as against 335.67 lakh hectares in the year-ago period. On January 3, Food Corporation of India Chairman and Managing Director Ashok K Meena indicated that the country could achieve a new record in wheat production at 114 million tonnes in the ongoing 2023-24 crop year provided weather conditions remain normal. Wheat production stood at a record

India to push for public stockholding of food grains at WTO MC13

The official said that developed countries have demanded discussion on export restrictions-on items such as wheat-imposed by India

India estimated to have harvested 355.35 MT horticulture crops in 2022-23

The country is estimated to have harvested 355.35 million tonnes of horticulture crops in the 2022-23 crop year, about 8.07 million tonnes more than the previous year, as per agriculture ministry data released on Thursday. The ministry has come out with the third production estimate after the harvesting of the 2022-23 horticulture crops. Agriculture Minister Arjun Munda said despite challenges surrounding climate change, horticulture production has gone up, thanks to efforts of farmers and agri-scientists. As per the third estimate released by the ministry, total production of horticulture crops has increased 2.32 per cent (8.07 million tonne) to 355.25 million tonnes in the 2022-23 crop year -- July-June -- from 347.18 million tonnes in the previous year. Of the total horticulture production, fruits production rose to 109.53 million tonne in 2022-23 from 107.51 million tonne in the previous year. Vegetable production, too, increased to 213.88 million tonnes in 2022-23 from 209.14

China expands imports, planting approvals of additional gene-modified crops

The agriculture ministry approved the domestic production of six more varieties of genetically modified corn, two of soybeans and one of cotton, and another two of gene-edited soybeans

India's corn exports plunge as domestic prices rally on strong demand

India usually exports around 250,000 to 300,000 metric tons of corn every month but in December its exports fell to around 30,000 tons

Supreme Court reserves order on environmental release of GM mustard

The Supreme Court on Thursday reserved its order on a pleas seeking moratorium on release of genetically modified organisms (GMOs) into the environment. A bench of Justices BV Nagarathna and Sanjay Karol heard submissions from Attorney General R Venkataramani, Solicior General Tushar Mehta and advocates Prashant Bhushan and senior advocate Sanjay Parikh. The top court directed the parties to file written submissions by January 22. Observing that the issue of genetically modified crops is very technical and scientific, the top court on Wednesday had said it will decide a plea on environmental release of GM mustard on the basis of what is good for the country,. The apex court had earlier questioned the Centre about why reports of the court-appointed Technical Experts Committee (TEC) on biosafety of genetically modified (GM) crops were not looked into by the Genetic Engineering Appraisal Committee (GEAC). It asked Attorney General R Venkataramani, appearing for the Centre, whether th

Govt can look at taxing rich farmers, says MPC member Ashima Goyal

Having taken care of poor farmers by transferring funds into their accounts, the government can contemplate imposing income tax on rich farmers to bring about fairness in the taxation structure, Reserve Bank Monetary Policy Committee (MPC) member Ashima Goyal has said. Finance Minister Nirmala Sitharaman will present the interim Budget on February 1 in the Lok Sabha. "Government transfer payments to farmers are like a negative income tax. Along with that, a positive income tax can be applied for rich farmers as part of a movement to a data-rich system with low tax-rates and minimum exemptions," Goyal told PTI. She was responding to a query on whether agriculture income should be taxed in India. Asked if coalition governments or single-party regimes produced better economic growth rates, the eminent economist said growth rates depend on many things, but in judging a government it is also necessary to see what growth rate they inherited and what they left the country with. "Coalitio

Crop-killing weeds spread across US farms as chemicals lose effectiveness

Farmers say their losing battle with weeds threatens grain and oilseed harvests at a time when growers are grappling with inflation and extreme weather linked to climate change

Masur production may touch record 1.6 mn tons this Rabi season: Govt

The country's masur (lentil) production is estimated to touch an all-time high of 1.6 million tonnes in the 2023-24 rabi season on higher acreage, according to Consumer Affairs Secretary Rohit Kumar Singh. Masur production stood at 1.55 million tonnes in the 2022-23 rabi season, as per the official data. Despite being the world's largest producer and consumer of pulses, India imports certain pulses, including masur and tur, to meet domestic shortages. "This year, masur production is going to be at an all-time high. Our masur production will be the highest in the world. The acreage has increased. The dynamic is changing," Singh said at an event organised by the Global Pulse Confederation (GPC) on Friday. In the ongoing rabi season, more area has been brought under the masur crop. The total masur acreage has increased to 1.94 million hectare as of January 12 in the ongoing rabi season, when compared to 1.83 million hectare in the year-ago period, according to the agriculture ministry