Economy, asked by Vidhi55562, 11 months ago

how subsidies encourage farmers to use new technology ?
explain

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Answered by parry8016

how subsidies encourage famers to use new technology

Answer: Subsidy in agriculture means providing some important inputs to farmers at a concessional rate that is much lower than its market rate. During 1960s, in order to adopt new technology. ... Subsidies were, therefore, needed to encourage farmers to adopt the new technology initially.

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