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Private Sector Agricultural Companies can take over the burden of farming from the farmers in areas like southern states of India, and provide guaranteed salaries of up to Rs.50,000 to the farmers. This reduces the risk to small farmers and provides them with a steady source of income in floods and droughts. Same way, land needed for Infrastructure Development can be taken over from farmers at a lease, for an amount equivalent to half the profit, the farmer would have made, if he had done farming there.
Introduction
Agriculture in India has always been carried out by farmers, who have toiled in fields for a very long period, without modern equipment and technology, because of a lack of participation from private sector players. Farmers in India have always depended on Government subsidies and its Minimum Support Program, which allows farmers to sell their produce at a premium above market price. This not only alleviates competitive market practices, which spurs growth and more profits in the Agricultural Sector but also poor production. It is also a burden on the Government budget, because of the huge subsidy bill.
Private Sector Agricultural Companies
Since the land for agriculture in India has always remained fragmented and not consolidated into a large one, new methods of farming and effective use of land with large-scale advantages did not see the light of day. I suggest a plan in which Farmers lease their land to Private Sector Agricultural Companies, for a fee. These companies do farming with input from agro-graduates, agriculturalists, scientists, and researchers while using the latest techniques and findings that are available only in Developed Countries. The scale of operation in large fields helps them to market their products cost-effectively, getting access to even the export market at a competitive price.
Farmer Salaries Up to Rs.50,000 per month
The main advantage of this method is we can help farmers earn a salary of Up to Rs. 50,000 per month, based on their work in the field, which they lease to Private Sector Agricultural Companies. These Companies need local farmers to work in their fields. These Companies will help rural farming in a way that will even attract people who work in Cities and Towns to come back to villages. Because of the salary advantage in villages, where less money can buy more goods. Also, these companies will spur the growth of more ancillary industries that are related to Agriculture or simply help more Shops to come, which were earlier available only in Towns and Cities nearby.
Land Reforms for Infrastructure Development
It is a common problem in countries like India, where acquiring land for Infrastructure Development like Roads and Factories is a big issue. Farmers are not willing to forego the land, because of the poor reimbursements Government offers them. Farmers can benefit if they are given a fair amount of money, they would have earned, if they owned the land and worked on it. So, the Government should give half of the profit, farmers would have earned, if they had done agriculture in that field, putting in their hard work.
Half the Profit, Inflation adjusted, Secured from Natural Disaster
Farmers should always own the property. But only write an agreement for 25 years, with the Government or the Private Sector. The agreement is to give access to Farmer's land, for a monthly fee. The Fee should be half the amount, Farmers would have earned as profit, if they had done agriculture in the field. The amount should be Inflation-adjusted. That is, the Profits grow up every year as the cost of living across a country grows. The advantage of this plan is the Farmer need not worry about Natural Disasters like floods or poor rainfall. They will anyway get half the amount of the Profit.
Conclusion
Thus, the Reforms aforementioned will attract people who earn less in Towns and Cities to come back to Villages and earn good money, with high standards of living, they can not get in Towns or Cities. Also, Half the Profit from the land they have given for Infrastructural Development, with Working elsewhere increases their chances of Earning Double than the earlier times.
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