Tuesday, 18 September 2018

India sets record farm output target for 2018-19 -The Total Investment & Insurance Solutions


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18 September 2018

crop (The Total Investment & Insurance Solutions)


The government has set a target of producing a record 285.2 million tonnes of food grains in crop year 2018-19 beginning July, despite monsoon rainfall has been 9% below normal so far this year. 

The target is 0.53% higher than the initial forecast made in April, the agriculture ministry said on Tuesday. 

India harvested a record 284.8 million tonnes of food grains in 2017-18. 

For the current crop year, the government targets higher production of rice, wheat, oilseeds and cotton, while production of pulses, coarse cereals and sugarcane is expected to be lower than last year. 

Kharif production this year is expected to be better to last year’s owing to excellent crop condition, ministry officials said. 

They, however, did not explain the reasons for buoyant forecast for a year when rainfall has been below average and some parts of the country have been ravaged by floods. 

Parshottam Rupala, minister of state for agriculture, said rains have been less than normal in some parts of the country, and more than normal in some places. “Despite that we expect higher production in kharif,” he said. “Due to water availability in reservoirs, even the rabi planting will be very good.” 

The agriculture ministry has set kharif production target at 141.20 million tonnes, which is 0.71% higher than the target set in April. 

The ministry also said it expects rabi planting — which begins by mid-October — to be higher than last year since there were good soil moisture and higher water levels in reservoirs. 

The food grain target for 2018-19 — announced by agriculture commissioner SK Malhotra during a two-day national conference on planting strategy for the upcoming rabi (winter) season — is 0.14 % higher than the fourth advance estimate for 2017-18 production at 285.2 million tonnes. 

Agriculture secretary Shobhana K Pattanayak said various schemes of the government such as Pradhan Mantri Krishi Sinchai Yojana, Pradhan Mantri Fasal Bima Yojana, Soil Health Card scheme, and e-NAM were expected to increase farm output and farmers’ income. “So far, crop conditions are excellent and we expect a good production in kharif,” he said. 

For 2018-19, the agriculture ministry has fixed the production target for rice at 113 million tonnes, against 112.9 million tonne last year. Wheat production target has been set at 100 million tonnes against 99.7 million tonnes last year. 

The target for pulses has been kept at 25 million tonne, slightly less than last year’s 25.2 million tonnes. In case of coarse cereals, too, the target has been lowered slightly to 46.7 million tonnes against 46.9 million tonnes in 2017-18. 

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Target oilseed production for 2018-19 has been fixed at 36 million tonnes, up from 31.2 million tonnes last year, while cotton output is targeted to be raised to 35.5 million bales of 170 kg each from 34.89 million bales. 

Sugarcane production target for 2018-19 is fixed at 355 million tonnes, down from 376.91 million tonnes last year. 

Officials said the agriculture ministry is confident that the new procurement policy announced by the government last week will ensure farmers get remunerative prices. 

“States and private players have an important role to play in the new scheme while the FCI and cooperative NAFED would continue to procure food grains,” Pattanayak said. Niti Aayog was working with states on the modalities of having private players in procurement of food grains, he said. 

States should ensure that farmers take insurance covers for all natural calamity under the Pradhan Mantri Fasal Bima Yojana to protect their farmers, Pattanayak said. He pointed out that Kerala did not take insurance cover for flood, and took it only for drought. The Total Investment & Insurance Solutions

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