Peasant classes, farm incomes and rural indebtedness: An analysis of household production data
AbstractThe crisis and stagnation in Indian agriculture have persisted for over a decade and are not showing any signs of reversal. Falling real product prices faced by primary commodity producers have been one of the central causes for escalating farm indebtedness. The gradual shrinkage of formal credit institutions in rural areas has simultaneously caused increasing dominance of private players in the credit market, rendering producers all the more vulnerable. A class analysis of household-level farm production data from two states reveals the pattern of income decline and rising indebtedness in rural areas. The deleterious implications that these processes have for future agrarian development call for effective price stabilization operations and, in the short run, a comprehensive debt-relief policy.
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Bibliographic InfoPaper provided by Centre for Development Studies, Trivendrum, India in its series Centre for Development Studies, Trivendrum Working Papers with number 410.
Length: 45 pages
Date of creation: Mar 2009
Date of revision:
Agricultural Policy; Farm Households; House Hold Farm Production; Price Policy;
Find related papers by JEL classification:
- Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
- Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
- D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
- E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
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- Mani, Sunil, 2009. "The Growth of Knowledge-intensive Entrepreneurship in India, 1991-2007," UNU-MERIT Working Paper Series 051, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
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