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Terms of Trade in Punjab Agriculture

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  • J. P. Singh

    (Agricultural Economics Research Centre, University of Delhi)

Abstract

The farmers of Punjab, have, through various means, expressed the view that prices received by them are not remunerative and that their income from agriculture has been declining. Since the issue is of considerable significance in the wider setting of economic growth and structural change, this paper attempts to examine the relative movement of prices received and prices paid by farmers and consequently, the direction of change in their purchasing power. Our results indicate that while the net barter terms of trade have moved against agriculture since the mid-seventies, the income terms of trade have shown an improvement during the late seventies as compared to the earlier part of that decade.

Suggested Citation

  • J. P. Singh, 1989. "Terms of Trade in Punjab Agriculture," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 24(2), pages 263-276, July.
    • Handle: RePEc:dse:indecr:v:24:y:1989:i:2:p:263-276
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    Cited by:

    1. Rao, N. Chandrasekhara, 2004. "Aggregate Agricultural Supply Response in Andhra Pradesh," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 59(1), pages 1-14.
    2. Rao, N. Chandrasekhara, 2005. "Total Factor Productivity in Andhra Pradesh Agriculture," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 18(1), January.
    3. Amey Sapre, 2014. "Madhya Pradesh: Does Agriculture Determine the State’s Growth Trajectory?," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 8(1), pages 39-57, February.

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