ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NORTH-Bounty to Farmers

NORTH Bounty to Farmers BOTH farmers and traders in Punjab and Haryana have heaved a sigh of relief at the Centre's decision to end the government monopoly in wheat trade. The system had not only led to a string of malpractices in these surplus states and brought ridicule upon the administration but had also proved a hindrance to wheat supplies flowing into the market. Last year's procurement price of Rs 76 a quintal had also disheartened the growers who felt that the returns from the wheat crop were not remunerative enough and hardly covered the costs of production. Some growers in fact switched over to potatoes and oilseeds which have proved far more profitable. As a result, according to an unofficial estimate, the acreage under wheat in 1973-74 is about 10 per cent less than last year. The subsequent bonus of Rs 5 for every quintal of wheat sold to the government improved the procurement prospects in the latter hali of the season and enabled the authorities to achieve about 00 per cent of the procurement target Of the Rs 13.5 crores paid as bonus to farmers, the state government's contribution was one-third.

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