Why farmers will not abondon Sugarcane despite massive arrears?
Why farmers will not abondon Sugarcane despite massive arrears? Returns from cane most attractive for farmers Farmers stick with the water-guzzling crop despite massive arrears as alternatives are far less remunerative. By: FE Bureau | New Delhi Farmers in Uttar Pradesh, the largest producer of sugarcane and sugar, had average net returns of Rs 62,116/hectare between 2012-13 and 2014-15. (Reuters) For years, farmers have protested against massive cane arrears and yet they have not shunned cane. The reasons are not far to seek. As the Cabinet committee on economic affairs (CCEA) prepares to decide on the benchmark prices of Kharif crops, an FE analysis of key cane-growing states suggests net returns from key competing crops are only a fraction of what farmers earn from cane, in some cases less than a tenth. Data by the Commission for Agricultural Costs and Prices (CACP) show the average net return of farmers in Maharashtra from sugarcane was as...