Why did the intervention of government became necessary to regulate t…

Farmers who did not have the required information on prices prevailing in markets were often forced to sell at low prices. They also did not have proper storage facilities to keep back their produce for selling later at a better price. Apart from that farmers lagged in the knowledge of latest technologies and were often misguided about the prevailing market rates of crops. Therefore, government intervention became necessary to regulate the activities of the private traders.