Farm Bills Protest: Are Private Companies A Threat To Farmers In India? Doubling Farmers' Income

In the wake of protests by farmers and various opposition parties against three new agriculture-related laws, Prime Minister Narendra Modi said on Tuesday (29 September) that those burning farm equipment to show their anger were "insulting farmers".

The opposition was insulting farmers by their action of setting fire to machinery and equipment that were "worshipped" by agriculturists, the Prime Minister said while inaugurating six projects under the 'Namami Gange' project to treat sewage in Uttarakhand.

His remarks came a day after a group of Indian Youth Congress workers set a tractor on fire in Delhi.

Taking a dig at the opposition, Modi alleged that those now opposing the new farm laws spoke in favour of implementing the Minimum Support Price (MSP) when in power but never did so.

"It has been done by our NDA government as per the MS Swaminathan Commission recommendations," the Prime Minister said.

He accused the opposition, without naming anyone, of "misleading the farmers over the MSP issue" and reiterated that the MSP would remain even as the farmers would get the freedom to sell their produce anywhere they wished to.

"Some persons are unable to tolerate this freedom (of farmers). One more way for them to earn black money has ended," Modi remarked.

As indicated by the Prime Minister, the process of government procurement will continue — however, private markets without a mandi-tax will emerge, which will end up fostering greater price discovery.

The key issue is, however, to ensure adequate private capital coming into our agricultural sector in areas such as warehousing, logistics and cold storage.

This will be of essence and it would be possible only when private players are assured of limited government intervention, especially in the form of bans on sale of items such as cereals, pulses and onions.

For the private sector to make the kind of investments that are warranted in India’s agricultural sector, we have to give them the confidence of reduced intervention by government and its machinery.

#FarmReforms #PrivatePlayers #ModiGovernment
Subscribe to Swarajya on YouTube.

Get a Swarajya subscription: https://subscriptions.swarajyamag.com/join-us

Website: https://swarajyamag.com/
Twitter: https://twitter.com/SwarajyaMag
Facebook: https://www.facebook.com/swarajyamag

Видео Farm Bills Protest: Are Private Companies A Threat To Farmers In India? Doubling Farmers' Income канала Swarajya