The fact that food companies prosper but farmers commit suicide shows that profits are in the market, not the farm. It is time to replicate the Amul story many times over
In the ongoing debates on the new land acquisition bill, the potential of agribusiness to address agrarian distress has not been explored. There are several domestic agriculture companies, both listed and private, that are doing extremely well amidst an increasing number of farmers’ suicides.
The classic case is of suicides by cotton farmers. Of late, share prices of textile companies are performing extremely well and attracting huge private investment, but cotton farmers continue to be in distress. Even in staples such as pulses, rice and wheat, food companies do well but the farmers are in trouble. It is significant that all these foods are processed, but not by the farmer. The money is clearly in the market, and not merely in production.................Read more
Source: The Hindu