GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Distress sale by the farmers refers to:
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Sale of property to repay loans
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Sale of crops directly to the consumers
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Selling crops at the minimum support price fixed by the government.
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Selling of crops by farmers at a very low price to meet urgent cash needs.
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Explanation:
Detailed explanation-1: -Agriculture in India has been facing several issues such as fragmented land holding, depleting water table, deteriorating soil quality, increasing input costs, low productivity etc. Output prices may not be remunerative as farmers are often forced to borrow to manage expenses.
Detailed explanation-2: -Farmers usually sell their products on the fields themselves. Buyers control the market and fix a price. Usually, there are agents who visit the field to buy crops directly from farmers. For more profit, some farmers take their products to markets in town using tractors or bullock carts.
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