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View: Punjab-Haryana’s top 200,000 farmers want to remain among the top 8% of all earners in India

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It is for policymakers to decide whether a ‘fair’ guaranteed income to the top 200,000 farmers of Punjab Haryana — remember, MSP is not subject to market forces and is like a price set by a monopolist — is to place them among the richest earners in India.

Synopsis

The Punjab farmer has the lowest cost of production, about 75% of average for wheat, and 59% of all-India average for paddy. The yields are also higher, with the net result that the Punjab-Haryana large farmer (farm ownership over 4 ha) earns Rs 1.25 lakh a year per ha from cultivation of wheat and paddy.

Inequality has been a major concern for societies, and has caused revolutions, and upheavals, now for close to 200 years. The farm protests in India have garnered international attention, and concern has been expressed about the exploitation of farmers via the new farm laws — laws that guarantee more freedom for farmers to buy and sell their produce in markets other than government-regulated mandis.If a farmer chooses to go the old route, he can

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