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Agricultural Price Policy, Output, and Farm Profitability—Examining Linkages during Post-Reform Period in India

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  • Tripathi, Ashutosh Kumar

Abstract

The formulation of agricultural price policy is complicated by the multiplicity of functions that price performs. The objectives, thrust, and instruments of agricultural price policy in India have undergone conspicuous shifts during the past 50 years and so has the role and effectiveness of price policy as a tool to influence the agricultural economy. The country’s post-reform period witnessed higher emphasis and dependence on price policy compared with previous decades, where price policy aimed only at maintaining a balance between the interests of consumers and producers. It is in this context that the paper examines the effectiveness of procurement prices in getting sufficient income to the farmers. An in-depth analysis of costs and returns was conducted for wheat and paddy, the crops offered the highest protection by the state, to get idea of the profitability of Indian agriculture and gain insights into the workings of the price policy.

Suggested Citation

  • Tripathi, Ashutosh Kumar, 2012. "Agricultural Price Policy, Output, and Farm Profitability—Examining Linkages during Post-Reform Period in India," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 10(1), pages 1-21, June.
    • Handle: RePEc:ags:phajad:199109
    DOI: 10.22004/ag.econ.199109
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    References listed on IDEAS

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    1. Acharya, S.S., 1997. "Agricultural Price Policy and Development: Some Facts and Emerging Issues," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 52(1), March.
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    Cited by:

    1. K.S. Aditya & S.P. Subash & K.V. Praveen & M.L. Nithyashree & N. Bhuvana & Akriti Sharma, 2017. "Awareness about Minimum Support Price and Its Impact on Diversification Decision of Farmers in India," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 4(3), pages 514-526, September.
    2. Min Su & Nico Heerink & Peter Oosterveer & Tao Tan & Shuyi Feng, 2021. "Impacts of China’s Minimum Grain Procurement Price Program on Agrochemical Use: A Household-Level Analysis," Agriculture, MDPI, vol. 11(10), pages 1-20, September.

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