why was the farmer at mercy of the moneylender?
Answers
Answer:
The cash crunch caused by demonetisation affected farmers badly who are not acquainted with cashless transactions. Prices in consumer markets (Delhi and Mumbai) are higher, but in villages there were no buyers for farmers harvested crop. Inventories of commodities are piling up at farmers’ fields due to lack of buyers in village markets to transport and sell them in urban market.
Explanation:
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Answer:
The cash crunch caused by demonetisation affected farmers badly who are not acquainted with cashless transactions. Prices in consumer markets (Delhi and Mumbai) are higher, but in villages there were no buyers for farmers harvested crop. Inventories of commodities are piling up at farmers’ fields due to lack of buyers in village markets to transport and sell them in urban market. For example, Apple prices in Delhi is hovering around Rs.80 per kg, which is about 25% higher than the same period last year. At the same time, traders are buying from farmers in Himachal Pradesh at 20-25% discount to normal price and paying in cheques which can be realized only after 15 to 20 days. However, farmers have to pay in cash to their input dealers and labourers. Similar is the situation for other crops like Onion, Potato and Chana