Genuine question, could you please explain how? Most people in my social circle are strongly against them so I only get views from one side regularly, and I would love to understand the other.
- ...that india doesn't need or want (it has surplus in storage)...
- ...and the government is obliged to pay the farmers higher than market rates (MSP = minimum support price) for doing so.
It's unfortunate that farmers have gotten acclimated to this market distortion... but it's simply not sustainable for a poor country like India. India needs a strong food export sector, and in order for that to happen, India's farmers need a non-distorted view of market-demand.
- farmers may grow certain crops...
- ...that india doesn't need or want (it has surplus in storage)...
- ...and the government is obliged to pay the farmers higher than market rates (MSP = minimum support price) for doing so.
It's unfortunate that farmers have gotten acclimated to this market distortion... but it's simply not sustainable for a poor country like India. India needs a strong food export sector, and in order for that to happen, India's farmers need a non-distorted view of market-demand.