Comprehensive Resources for Agriculture: Topical Questions, Past Papers, and Answers
Atika School
Government Measures to Control Prices of Essential Farm ProduceHow does the government control prices of essential farm produce?
Detailed Answer: The government employs various methods to control the prices of essential farm produce. One of the common ways is by providing subsidies to farmers, which helps in reducing the cost of production inputs. This includes providing subsidies on fertilizers, seeds, and other essential agricultural inputs. By reducing the cost of these inputs, the government aims to lower the overall production cost for farmers, which in turn can help in stabilizing the prices of essential farm produce. Another method used by the government is fixing the prices of related products. This involves setting a maximum price that can be charged for certain agricultural commodities. By setting a price ceiling, the government can prevent excessive price increases and ensure that essential farm produce remains affordable for consumers. This measure is particularly important for commodities that are considered basic necessities, such as rice, wheat, and vegetables. Additionally, the government may also regulate the supply and demand dynamics of essential farm produce. This can be done through measures like import/export controls, where restrictions are placed on the quantity of agricultural products that can be imported or exported. By controlling the supply, the government can influence the prices of these commodities in the domestic market. Furthermore, the government may also intervene in the market by directly purchasing essential farm produce from farmers at a predetermined price. This helps in stabilizing the market prices and ensuring that farmers receive a fair price for their produce. These purchased commodities can then be distributed through various government schemes or programs to ensure their availability and affordability for consumers. In conclusion, the government controls the prices of essential farm produce through various measures such as providing subsidies on production inputs, fixing prices of related products, regulating supply and demand dynamics, and directly purchasing agricultural commodities. These interventions aim to stabilize prices, ensure affordability for consumers, and provide support to farmers in the agricultural sector.
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