financetom
Economy
financetom
/
Economy
/
52% farmers against farm bills: Expert discuss what farmers want
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
52% farmers against farm bills: Expert discuss what farmers want
Oct 20, 2020 11:45 AM

The Punjab government may be convinced that the three farm laws passed by the Centre are not in the interest of farmers, but ask the farmers, and it is not so black-and-white.

Share Market Live

NSE

A survey conducted by Gaon Connection among more than 5,000 farmers across 16 states has thrown some interesting findings. Majority of those polled are marginal farmers and only 28 percent are medium and large farmers. 52 percent of farmers polled said they are against the 3 new agri legislations and 35 percent said they support the farm bills and the issue of MSP (minimum support price) is the bone of contention. 57 percent farmers who oppose the legislations say they fear being forced to sell their produce at a lower price. This is the key reason for the opposition.

There are some clues on why states like Punjab, Haryana along with states in south India came out vociferously in their opposition. 78 percent of farmers in Kerala, Telangana and Andhra Pradesh sell their crop at MSP. This number is 75 percent in case of Punjab and Haryana and only 26 percent in Uttar Pradesh, Bihar and Jharkhand. They say that they are selling their crop at MSP. This could be a reason why protests in these states were not as forceful as elsewhere.

Views of the farmers are complex. While MSP remains a key concern, a majority 63 percent support the changes to the essential commodities act. A majority 46 percent also support the new law that enables contract farming even as 40 percent oppose the decision. Neelesh Misra, founder of Gaon Connection, discussed the findings in details.

First Published:Oct 20, 2020 8:45 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Improves Early Friday Ahead of Fed Appearances, State Unemployment
US Dollar Improves Early Friday Ahead of Fed Appearances, State Unemployment
Mar 22, 2024
07:38 AM EDT, 03/22/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of a series of appearances by Federal Reserve officials that compensate for a lack of major US data. Fed Chairman Jerome Powell is scheduled to make opening remarks at a Fed Listens conference at...
U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says
U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says
Mar 22, 2024
(Reuters) - U.S. companies' purchases of domestic equities through more stock buybacks and corporate acquisitions will hit a six-year high of $625 billion this year, about as much as mutual funds and pension houses will offload, Goldman Sachs said. A surge in share buybacks and continued growth in cash mergers and acquisitions (M&A) will be the primary drivers of corporate...
US Congress scrambles to pass $1.2 trillion spending bill, midnight deadline looms
US Congress scrambles to pass $1.2 trillion spending bill, midnight deadline looms
Mar 22, 2024
WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives and Democratic-majority Senate on Friday will scramble to beat a midnight government shutdown deadline by passing a $1.2 trillion bill keeping the government funded through September. If they succeed, it will end a more-than-six-month battle over the scope of Washington's spending for the fiscal year that began Oct. 1. If they...
Fed Chair Powell says pandemic has had lasting effects on economy
Fed Chair Powell says pandemic has had lasting effects on economy
Mar 22, 2024
(Reuters) - Federal Reserve Chair Jerome Powell on Friday opened a Fed Listens event on how Americans are experiencing the economy, saying the pandemic has had lasting effects and that to make good policy the U.S. central bank cannot rely only on macroeconomic data but needs to hear directly from people and businesses. He did not make any remarks about the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved