Large scale farmer agitations across the country have made it imperative to look into the mounting agriculture debt in the country. Farmer suicides in India account for 11.2% of all suicides today. About 40% of the farmers are dependent on farming for their livelihoods. The reasons for their distress can be attributed to many reasons. A major one being the high dependence of Indian farmers on monsoon. Lack of it or an excess has been instrumental causing damages in most of India’s agriculture terrain since decades. This followed by diseases, pests etc. have also been why crops get destroyed.
By Mr. Sonu Agrawal, MD, Weather Risk Management Services Pvt. Ltd