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

Author

Listed:
  • Ashutosh Kumar Tripathi

    (Indian Institute of Management Rohtak (IIM Rohtak))

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

  • Ashutosh Kumar Tripathi, 2013. "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 91-111, June.
    • Handle: RePEc:sag:seajad:v:10:y:2013:i:1:p:91-111
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    File URL: https://ajad.searca.org/article?p=421
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    Citations

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    Cited by:

    1. Ashutosh Kr. Tripathi, 2017. "Price and Profitability Analysis of Major Pulses in India," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 14(2), December.
    2. 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.
    3. Chintapalli, Prashant & Tang, Christopher S., 2022. "The implications of crop minimum support price in the presence of myopic and strategic farmers," European Journal of Operational Research, Elsevier, vol. 300(1), pages 336-349.
    4. Prashant Chintapalli & Christopher S. Tang, 2022. "Crop minimum support price versus cost subsidy: Farmer and consumer welfare," Production and Operations Management, Production and Operations Management Society, vol. 31(4), pages 1753-1769, April.
    5. Prashant Chintapalli & Christopher S. Tang, 2021. "The Value and Cost of Crop Minimum Support Price: Farmer and Consumer Welfare and Implementation Cost," Management Science, INFORMS, vol. 67(11), pages 6839-6861, November.
    6. Chintapalli, Prashant, 2023. "Optimal multi-period crop procurement and distribution policy with minimum support prices," Socio-Economic Planning Sciences, Elsevier, vol. 89(C).
    7. Pritam Singh & Shruti Bhogal, 2021. "Interrogating the MSP Regime, Farm Laws and Agrarian Future in India," Millennial Asia, , vol. 12(3), pages 332-349, December.

    More about this item

    Keywords

    structural reform; agricultural prices; agricultural commodity; agriculture policy;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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