GS3: Issues related to (in)direct farm subsidies and MSP
Notes worth thousands for FREE! (compiled by @ConquerIAS24)
RT this tweet and save to your notes for #UPSC! 🔁📚 (1/7)
Notes worth thousands for FREE! (compiled by @ConquerIAS24)
RT this tweet and save to your notes for #UPSC! 🔁📚 (1/7)
Farm subsidies, what?
Financial assistance to farmers & related businesses by govt. either directly or indirectly.
Direct: eg. PM-KISAN
Indirect: eg. Interest rate relaxation on Agri loans (2/7)
Financial assistance to farmers & related businesses by govt. either directly or indirectly.
Direct: eg. PM-KISAN
Indirect: eg. Interest rate relaxation on Agri loans (2/7)
Okay, but what's the need?
- ⬆️Productivity
- ⬆️Employment
- ⬆️Farmers' income
- ⬆️Crop quality & o/p (3/7)
- ⬆️Productivity
- ⬆️Employment
- ⬆️Farmers' income
- ⬆️Crop quality & o/p (3/7)
Right, got it. What's MSP?
- Price at which govt. procures from farmers
- Calculated at 1.5x cost of production to farmer
- Decided by CACP for 22 crops (FRP for Sugarcane) (4/7)
- Price at which govt. procures from farmers
- Calculated at 1.5x cost of production to farmer
- Decided by CACP for 22 crops (FRP for Sugarcane) (4/7)
Oh, okay. What else about MSP?
3 types of production cost
a) A2: All 'out of pocket' expenses
b) A2+FL: A2+ Family Labor cost
c) C2: A2+FL+ land rental & interest foregone on land (5/7)
3 types of production cost
a) A2: All 'out of pocket' expenses
b) A2+FL: A2+ Family Labor cost
c) C2: A2+FL+ land rental & interest foregone on land (5/7)
Hmmm, what's the issue with MSP?
- Huge stocks
- Distorted crop production
- Environmental degradation
..and many others. (see next tweet) (6/7)
- Huge stocks
- Distorted crop production
- Environmental degradation
..and many others. (see next tweet) (6/7)
Okay, I get this but what are issues with subsidies?
Twitter does not allow much space for comprehensive notes. Hence, I have posted detailed ones on my blog.
Go, read, learn, and save it to your notes. 👇(7/7)
csewhy.substack.com
Twitter does not allow much space for comprehensive notes. Hence, I have posted detailed ones on my blog.
Go, read, learn, and save it to your notes. 👇(7/7)
csewhy.substack.com
Loading suggestions...