Indian farmers are primarily confined to subsistence farming only. Which of the following can explain the reason behind the same?
- They sell their produce to pay for old debts
- They have the details of the prevailing market rate of crops
- They come together to collectively bargain
- Inadequate storage facilities keep back their produce from selling later at a better price
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: 1 and 4
Indian farmers are confined to subsistence farming due to the following reasons:
- They sold a proportion of their income to pay off the debts taken for commercial or personal reason
- They lack in proper storage facilities due to which they are not entitled to better prices of the crops
- They lack in knowledge of the prevailing market prices and have weak bargaining power