Quick Take | Measuring farm distress

The govt’s dependence on seven-year-old data on farmers’ indebtedness speaks volumes
Farmers harvesting purple sugar cane for sale ahead of Pongal season sale in Madurai District
Farmers harvesting purple sugar cane for sale ahead of Pongal season sale in Madurai District(Photo | Express)
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It’s a pity that when asked about the outstanding farm debt across the country, the government resorted to seven-year-old numbers. According to the Situation Assessment Survey of 2019, quoted in Parliament on Tuesday, the average debt of agricultural households was ₹74,121—at a time when the average monthly income was a meagre ₹10,218. A slightly more recent assessment, carried out by the government-owned Nabard in 2021-22, shows that more than half of all agricultural households had loans averaging ₹91,231. The picture gets more worrying in Telangana, Andhra Pradesh, Karnataka and Tamil Nadu, where the share of indebted households crosses the three-fourths mark. What’s needed is an honest discourse on the financial distress of farmers, starting with a fresh survey to get an updated picture.

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