Agricultural Price Policy-A Survey with Reference to Indian Foodgrain Economy

A Survey with Reference to Indian Foodgrain Economy N Krishnaji Agricultural price policy must be seen as an essential part of a larger 'package' of policies designed to promote rapid growth in a few regions endowed with irrigation facilities and to encourage private investment in the necessary means for the cultivation of the new varieties. Given the highly skewed distribution of land and assets and the marked regional concentration of irrigated areas, the policy package was bound to promote both interand intra- regional inequalities. One can thus perceive a built-in regressive element in the price policy and locate it within the overall policy of promoting growth through various production incentives, a policy not based on sufficient consideration of its distributional consequences.