A new vision for agriculture
momagri, movement for a world agricultural organization, is a think tank chaired by Christian Pèes.
It brings together, managers from the agricultural world and important people from external perspectives,
such as health, development, strategy and defense. Its objective is to promote regulation
of agricultural markets by creating new evaluation tools, such as economic models and indicators,
and by drawing up proposals for an agricultural and international food policy.
A look at the news

Debt Relief for Indian Farmers: Not Enough

24 March 2008

According to India's Hindustan Times daily, the Indian government is planning to cancel 600 million rupees (almost 10 billion euros) in farmers' debts. However, there are already signs that this measure will be insufficient because of the restrictive eligibility limits, which will make it impossible to overcome the difficulties faced by India's farmers. Farmers must meet two conditions to qualify for the relief:



they must have taken out a loan from a public bank, institution or cooperative, thereby excluding the more than two thirds of loans taken out with private creditors at annual rates often surpassing 30 percent

their farms must have an area of less than two hectares. However, as the Times points out, "No distinction was made with regard to the kind of land, if it is irrigated or dry land. When they have dry land, owners of farms larger than 3 hectares face the same difficulties as all the others."

Therefore, not only must the eligibility for this relief measure be expanded, but the scope must also be broadened through additional public investment in India's agricultural sector. As we stressed in our recent article "Agriculture in India: Both Weak and Strong," published in the "Learn and Understand" section, despite its great potential, India's agricultural sector is still up against many major handicaps, including low and even unreliable productivity, leading to low incomes and a high dependence on imports.

It is essential that India reform its agriculture sector. Several possibilities are now being advanced, including maintaining the ambitious course undertaken by the National Rural Employment Guarantee Scheme (NREGS) to ensure a minimum income to all heads of farm families throughout the year.
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Paris, 24 April 2019