Key challenges
The agri value chain is disrupted by Covid. Ensuring support for storage and distribution can help.
Agri commodities see a huge fluctuation in prices during peak season.
There are no provisions for effective monitoring and support for farmers to sell outside the APMC.
Every year there is substantial crop loss due to erratic climatic events.
Industry ask
The share of India in the global export of food co-mmodities is less than 1%. A package to boost exports from farmer organisations and small enterprises can be a good start
Boosting farmer income has been one of the key goals. A package supporting farmers to convert to organic farming or supporting SMEs in developing organic processed product can help increase the share of organic farming in India
After the roll-out of the AMPC reforms there are concerns among stakeholders on how things will shape up. A dedicated agency platform can be developed for supporting all interested stakeholders and form an ecosystem to monitor the transaction, address grievances
India is spending less than 1% of agri GDP in R&D. We need to boost the R&D structure to develop high yielding varieties.
There should be provisioning for an agri innovation fund which supports ag tech solutions and digitalisation.
To reduce the logistics cost, EVs can provide an effective solution. The EV costs are 40-50% lower and can suit small production volumes of marginal farmers. However, there needs to be investment in creation of a support ecosystem for ensuring seamless supply of batteries, charging stations and service providers acting as nodes
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU