Over the years we all have, at one point or another, heard about the poor and shocking conditions of many farmers all over India. Finally things seem to have taken a turn for the better. This years monsoon rains from june-september were 10% above the average. The rainfall also continued during October and November. This increased the moisture in the soil, something that is needed for crop sowing. This year we grew 102.19 million tonnes of wheat. Experts believe that we can produce more than last year.
The government buys wheat from the farmers every year at a stabilized price so they can store it incase of any food shortage or emergency. When production goes up, the value of the good reduces, leading to reduced prices that can land farmers in debt. Now the government will have to buy more to avoid this drop in prices.
Have you ever thought of becoming a farmer? Why or why not?