Farming
Green signal for farmers: Rabi crops see spike in support price
The Economic Times · 16 Nov 2016
The government has announced a big increase in support prices for most rabi crops and given a strong signal to plant more oilseeds and pulses for which official agencies will pay 10- 16% higher rates than last year, a move officials said would boost farm incomes significantly.
It also approved an increase of 6.6% in support price for wheat, which is higher than last year’s increase of 5.2%. It raised the price of lentil (masur) by 16.2%, against 8% last year, to encourage higher sowing of the crop after a year of scarcity and soaring prices.
This will reduce demandsupply gap in pulses and oilseeds, and give a big boost to the income of farmers, officials said. They said the government was concerned about increasing dependence on imports for these commodities.
“The government has announced this bonus on pulses and oilseeds to give a strong price signal to farmers to increase acreage and invest for increase in productivity of these crops,” it said in a statement after support prices were approved by the Cabinet Committee on Economic Affairs.
It also approved an increase of 6.6% in support price for wheat, which is higher than last year’s increase of 5.2%. It raised the price of lentil (masur) by 16.2%, against 8% last year, to encourage higher sowing of the crop after a year of scarcity and soaring prices.
This will reduce demandsupply gap in pulses and oilseeds, and give a big boost to the income of farmers, officials said. They said the government was concerned about increasing dependence on imports for these commodities.
“The government has announced this bonus on pulses and oilseeds to give a strong price signal to farmers to increase acreage and invest for increase in productivity of these crops,” it said in a statement after support prices were approved by the Cabinet Committee on Economic Affairs.