Agrarian Crisis ©2006 Micron Technology, Inc. All rights reserved. Products are warranted only to meet Micron’s production data sheet specifications. Information, products and/or specifications are subject to change without notice. All information is provided on an “AS IS” basis without warranties of any kind. Dates are estimates only. Drawings not to scale. Micron and the Micron logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners. 1 The problem and symptoms Farmers in India - being neglected grossly Unfavorable Government policies cause distress to the farmers Symptoms: FARMER DEATHS Widowed women and orphan children scrambling for survival 2 Alarming Statistics 100,000 farmers have committed suicides in the last decade About 1.7 million farmers are under the condition of distress 75% farmers live on break-even or loss every year 800 farmers have died in 2007 in the Vidarbha region alone – 6 districts Suicides 1 every 6 hours Less than 50% deaths are officially reported as deaths due to agrarian distress – women deaths are not included 3 Root Causes for this condition Globalization: Falling market prices due to intense competition Lack of government protection: government subsidies are not proportional to the falling prices for produce Rain-fed regions: non-sustainable and monsoon dependent farming result in unpredictable crop High cost-profit crops: result in huge loss incurred when crops fail Government Policy: Land reforms have been minimal and for the most part useless 4 Current cause of distress High input costs – cash crop Low output costs – globalization Lack of credit – banks refuse loans Withdrawal of state support – government does not subsidize and does not forgive debts Lack of sustainable agriculture options 5 State of Affairs Rate of Growth of agriculture: Less than ½ it was in 1980 Less than ¼ of our total economic growth Less than rate of growth of population Prices/Costs: (1991-2007) Seeds rose 300% Pesticides rose 400% Output – fell below 60% of price required for break-even 6 State of Affairs Banks have provided loans for sowing over the past years Farmers are unable to pay of the loans due to loss of harvest Bank refuses to give loans anymore Money lenders and seed and pesticide dealers became powerful Government last year allowed more loans to be issued… this led to more debt and burden on farmers 7 Government Policy Promoted green revolution but failed to take steps to make it sustainable Did not subsidize input costs incurred and loan interest rate according to market adjustment With pending debts only 30%of the affected farmers are now eligible for in loans 8 State of affairs – What government is doing Government distributed cows to beneficiaries of suicide victims Ironically, the farmers’ widows end-up spending on the cows’ fodder instead of getting an income out of it. The current central government acknowledges the problem but does not act upon it The truth is omni-present 9 Economic growth or great divide ?? 10 A bigger picture In the growing economy only 10% of population is benefited – 90% is untouched Big corporations are supported with numerous subsidies and grants – but the poor – they practically don’t exist for policy makers Only 2% of the policy funds go to agriculture 11 Economic growth or great divide ?? 4000 banks closed between 2001-2004 in rural India while middle class being wooed in cities Loan interests : 14 ½ % for production related loans to the farmer vs. 4% for a purchase of new Mercedes Benz to us SEZ laws take effect in 6 months vs. land reforms take 60 years Though economy is growing at the rate of 9% the agriculture growth rate has fell from 5% to less than 2% in 1 year 12 Economic growth or great divide ?? While Mumbai celebrated the biggest fashion week in history farmers in Vidarbha we dying 1 every 6 hours While India ranks 4th in number of $ millionaires we rank 126th in the human development Poor people are better off in Botswana or Palestine than in India !!! In last 5 years per capita food intake of poor has gone down by 100kgs 13 AID’s effort 14 Plan of action Create Awareness – Candle Light Vigil 50 cities and several villages across the world Send petition to the PM and government of India demanding immediate attention and action to help the situation Pushing for and advocating policy level reforms in agriculture sector 15