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Research Article

JCR. 2020; 7(11): 695-699


PSYCHO-ECONOMIC RECLAMATION TO INDIAN FARMERS THROUGH PRICE FLOOR FOR THEIR PRODUCE

Sukanta Chandra Swain.

Abstract
Agriculture in India is now in the crossroad of necessity and risk. It is a necessity as food and fodder for a huge army of humans and animals cannot be met from imports. And it is risky as there is no certainty in the harvest owing to many exogenous factors like natural calamities and if at all natural factors become conducive and harvest becomes good, the farmers do not get the right price. Risk in agriculture in the form of throw away price of the produce can be avoided through the price floor, i.e., minimum support price. Right price to the harvest of the farmers gives motivation to them both psychologically and economically. This, in turn, makes agriculture sustainable. This study has been undertaken to establish the rationale of price floor for ensuring psychological and economic rehabilitation to Indian farmers leading to sustainability of Indian agriculture. For the purpose, In-depth interviews among Farmers producing Tomato in the periphery of Ranchi (India) are conducted for data.

Key words: Psychological, Economic, Rehabilitation Price Floor, Sustainability, Agriculture, Tomato Farmers, Lohardaga Tehsil, Jharkhand.



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