what are the investment plans for rice farming??
Answers
Answer:
Explanation:
The increase in minimum support prices (MSPs), which promises up to 97% increase in return on costs, can become the trigger for stimulating much-needed investment in agriculture by the Indian farmer. But it needs to be backed by the other factors that go towards making farming profitable.
Like all sectors, agriculture too depends upon attracting investment for rapid growth. This demands accelerated investment from farming families, besides greater capital efficiency. The ministry of agriculture estimates that to double farmer incomes by 2022-23, private investment in agriculture must jump two times to almost Rs 1,40,000 crore. Private investments refer to investments made by farmers themselves, inclusive of their own savings and borrowings from institutional and non-institutional sources.
Since the decision to invest occurs within each farming household, and opportunity costs are high, the real question is: how can India encourage farming families to boost investment in their farms? The answer lies in unleashing the entrepreneurial energies of the smallholder farmer, especially those already thinking commercially and sell at least a third of their crop. Thanks to their majority, such smallholders collectively possess the highest latent energy for moving the needle on agricultural growth.
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