The book edited by Sanjay Kaul, Chairman, NCML covers four broad themes – the present commodity space, the recent initiatives in technology and innovation in agriculture, the new emerging areas and the critical theme of managing commodity risk.
The NCML (National Collateral Management Services Limited) released the 11th Edition of the India Commodity Year Book 2020. The guest of honor was Ramesh Chand, NITI AYOG, Government of India. He unveiled the book in presence of Sanjeev Kumar Chadha, MD, Agricultural Marketing Cooperative Marketing Federation of India Ltd (NAFED) and other eminent dignitaries.
This book included major topics like increasing farmer’s income, remote sensing, GIS applications in agriculture, transforming the agriculture supply chain through technology and innovation, organic farming in India and the state of agritech starts ups in the country. Another critical subject on which the book sheds light is Managing Commodity risk-which talks about both the pre as well as post harvest risks faced by farming community and mitigating factors present in the country.
Prof Ramesh Chand, Member, NITI Aayog, said that Indian agriculture sector faces issues in customized technology and implementation of the policy reforms at ground level, especially at the state level.Speaking at ‘Release of India Commodity Year Book 2020 & Discussion on Union Budget Announcements for Agriculture Sector’, Prof Chand said, “Technology is the prime mover and India is facing serious problems both in terms of technology and policy reforms.” He further added that at the state level various laws like Model APLM Act, Model Agricultural Land leasing Act and contract farming needs to be further pushed.
He further said that the states should be encouraged to play an active role in the overall growth of the agriculture sector and emphasized on the need for private sector to come forward.
“We need to give the right role to right people and institutions. Market and the private people are the right people to pay competitive prices to farmers and we should remove hurdles which come in the way of the market,” said Prof Chand.
He said that private sector should play their due role and market should play its due role in agriculture sector. “Most of the problems of agriculture sector are not inherent to agriculture in India but due to the reason of not changing the regulations which needs to change from time to time,” said Prof Chand.
He said that for the first time the 15th Finance Commission has included a provision to give performance linked grants to states to undertake some agricultural reform. “The Commission has included reform in agriculture sector among the top 5 areas for which next year states will be provided with incentives,” said Prof Chand.
He added that agriculture sector is witnessing the growth but with an increase in cost of production and it is one of the reasons why we are losing on export competitiveness. “When you increase the yield average cost of production increases and when this increase, obviously farmers will start asking for higher and higher prices. This factor has started affecting the Indian agriculture sector,” Prof Chand said.
T R Kesavan, Chairman, FICCI National Agriculture Committee & Group President, TAFE Ltd said that in order to meet the requirements of increasing population, we need to produce more and reduce the wastage. “If we can save what we have and the need to produce higher will also start coming down.”
Siraj Chaudhry, Co-Chair, FICCI National Agriculture Committee and MD & CEO, NCML said that in India the problems are different at different parts of the country and the solutions cannot be one or few changes. “Every regions problem needs to be addressed differently,” said Chaudhry.
