September 20, 2012

Maya of the Market economy and the Farmer In India

Over 3 lakh Farmers Commited suicide in India to save their Honour. In indian economy all other sectors have the free will to price their produce, but the Agriculture sector. The manure companies, the seed companies, the power supply companies religiously rise their price when cost of an ingredient of their produce rises. Strangely the Farmer alone has no free-will in the free-market to calculate and fix his price for his produce! Our exploitative markets compell the former to sell his produce for the price far less than the cost of production in the garb of pseudo demand and supply game!  What else a farmer would do to honour his financial commitments when prices are rigged and the poor fellow is pushed to sell below the cost price; he would surely kill himself to save his honour. These are but Honour Killings by the exploitative market forces. The agro markets are controlled by such exploitative forces that our Governance has failed to curb them and do justice to farmers in all these decades. Simply because the people involved in agriculture, at large, are not fairly educated and organized, these poor innocent farmers are exploited in the garb of free market.
 
Our farmers would not need any of the freebies like loan waivers, free electricity and any subsidies or tax rebates; they just need a rational price for their produce, calculated on the basis of cost of production.

It is an irony that in our economy, a litre of Milk is sold at a price less than a litre a of bottled water. People buy a litre of bottled water with pride, while grumbling to pay little more for milk. We have created such exploitative and false pride markets.

Let me recall the words of Prof.M.D.Nanjundaswamy, who once proclaimed that the loans on the farmers are all 'False Loans'. The farmers have been all along lured in to these perpetual loans by compelling them to sell their produce at a price far less than the cost price by these exploitative and fraudulent market practices.

The Govt is ought to come to the rescue of these innocent and poor farmers in not offering any freebies but by regulating the agriculture prices on rational terms; for, the farmer community is not organized and financially sound enough to play the games, the other sectors play in the Maya of Market Economy.

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