Doubling Farmer's Income is an Understatement, Probably!
Doubling your Income (ha!) Doesn’t it sound like a dream waiting across the bridge – only if you could make it that side? But indeed, if you, as an expert in the field, take a detailed and balanced view in today’s technology enabled system, to try and figure out what’s needed for Farming GDP or Per Capita Income of Small & Marginal Farmers (SMF) it can be much more than doubling in next 3 years ( 6 seasons/ business cycle). At least feasibility point of view, yes. While on one side we have this Indian Farming Eco-system full of challenges & issues, complexities, administration, culture, trust, finance ... quite a battlefield. And on other side you have the most advanced, quality compliant, technology enabled and sustainable solutions, that are proven elsewhere and ready to be deployed.
What’s missing then? Few things are broken (suggested in my earlier articles), at the crucial points across the value chain that need to be fixed. Here (in Pic above) is the first view of end to end solution as Road To Success, for End to End Agri value chain, that we presented to the top most relevant stakeholders: Niti Ayoug and Ministry of Agriculture at #FutureAgriTECHSummit on 13th Oct 2017 at Delhi. There is a lot to do, however, after listening to the Top 20 CEO of Agri-Business on the round table summit, in presence of Niti Aayog, MoA, ICAF - arranged by Yes Bank and Nasscom IoT COE, my single takeaway from this day was: Doubling Farmer's Income (in India) is an Understatement, Probably!
Most of the SMF Earns between Rs 40 to 100k per year where-as Aerophincs & Other Adaptable Farming in Small Hold Land can propel you to earn Rs 2 to10 Lacs per acer easily.
Agtech Investments | Agriculture, Technology, Geopolitics enthusiast
7yI feel, in doubling "farmer's" income, non agri sources of income have to play a major role! What are your views?