ri lt re and ood ana ement 8.57
Push in favour of farm diversification (iv) Need of increased focus on small,
so that risks to farm income can be marginal and women farmers.
reduced—by facilitating the development Aimed at making farming remunerative
of agricultural sub-sectors like livestock a major announcement, the Union Budget
and fisheries. 2018-19 did a major announcement—fixing the
To transform agriculture and allied sector minimum support prices (MSP) of the crops 50
the Economic Survey 2017-18 has suggested the per cent above their production cost. Though, the
Government to take appropriate policy actions in methodology for the calculation of the production
the following areas— cost is yet to be made public by the Government.
Experts take this policy initiative as a big boost to
(i) Prices of the farm products should remain
the farm sector. As around 85 per cent of farmers
remunerative to the farmers.
in the country don’t have marketable surplus (as
(ii) Agricultural trade should be interlinked they are small farmers owning less than five acres
in such a way that the benefits of of land), experts believe that ‘input subsidies’ will
globalisation reaches the farmers. serve greater purpose in this regard. The delivery
(iii) Adoption of climate smart agriculture to of input subsidies to the farm sector needs
secure the livelihood and income security rationalisation and emphasis through the direct
of the farmers. benefit transfer.