Maharashtra Cotton Farmers Struggle as Prices Decline, Facing Dilemma Amid Looming Loan Deadlines"
Farmers from Babhulgaon in Yavatmal, Maharashtra, are grappling with the challenge of selling their cotton produce, citing a significant drop in prices over the past year. The looming deadline for loan repayment has left them in a quandary, forcing a difficult decision on whether to sell their crops at a loss or continue holding onto them.
Price Decline Impact The farmers attribute the inability to sell their cotton to a sharp decline in prices, which they connect to irregular rainfall affecting cotton production this year.
Financial Dilemma With the deadline for loan repayment approaching, farmers face a financial dilemma, contemplating whether to sell their produce at a loss or endure the risk of holding onto it in hopes of better prices.
Farmer's Perspective Prakash Madhukar Gawande, a cotton farmer from Naygaon village in Babhulgaon, outlined his investment of over Rs 30,000 per acre in cotton farming. Despite harvesting around 70 quintals of cotton, selling it at the current rate would result in a loss, posing financial challenges.
Market Dynamics The price disparity is further highlighted, with long yarn cotton fetching Rs 7,000 per quintal and shorter yarn selling for Rs 6,000. Farmers express discontent, emphasizing the need for prices to be at least Rs 10,000 to cover their expenses.
Government Inadequacy Farmers argue that government schemes are insufficient to mitigate their losses, and they are left in a precarious position as they safeguard their stored yield from rain and wind, hoping for better prices.
Cotton Scenario in Yavatmal Yavatmal, known as the cotton district of Maharashtra, witnesses extensive cotton cultivation. Last year, cotton was cultivated on approximately 4.71 lakh acres in the district. The region also faces the unfortunate distinction of having the highest number of farmer suicides in the state.
Call for Government Intervention Amol Kapse, the director of the Agricultural Produce Market Committee (APMC) in Babhulgaon, stresses the absence of a Cotton Corporation of India (CCI) center in the taluk, leading farmers to sell to private players at lower rates. Government intervention is deemed crucial to prevent further farmer suicides.
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