STOCK MARKET BSE NSE

Future of agriculture depends on the impact on production, procurement and prices: MS Swaminathan

The National Commission on Farmers has recommended a 50 per cent margin over C2, which is also the demand of the farmers.

Published: 19th November 2021 10:02 PM  |   Last Updated: 19th November 2021 10:02 PM   |  A+A-

Farmers, Agriculture

Representational Image. (File Photo)

By PTI

CHENNAI: Eminent farm scientist M S Swaminathan on Friday expressed happiness over the Centre announcing its decision to repeal the farm laws and said that the future of agriculture depends on the impact on production, procurement and prices.

"I am happy with the announcement today. I emphasize that C2+50 per cent is the core of the reports of the National Commission on Farmers", Swaminathan, the father of green revolution in the country, said.

The Comprehensive cost (cost C2) includes imputed costs of family labour and rent of owned land, as also the imputed interest on owned capital.

​ALSO READ | 'Modi government has to bring bill to repeal three agri laws': Experts

The National Commission on Farmers has recommended a 50 per cent margin over C2, which is also the demand of the farmers.

"The future of agriculture depends on the impact we can make on production, procurement and prices. These should be attended to concurrently", he said in a press release.

Prime Minister Narendra Modi on Friday while addressing the country, announced the government's decision to repeal the three farm laws, which were at the centre of protests by farmers for the last one year.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

edexworks
flipboard facebook twitter whatsapp