Pranay, since you hold the opinion less governmental interference in agriculture is better for the long term growth of agriculture in India, would you also say the farm bills was step forward towards that embracing a free market approach in agriculture?
Of course. I wrote about it in this newsletter back then. And blamed the government for its failure to align the cognitive maps of those who felt they were losing out.
I agree that intervention is not going to reduce drastically anytime soon. But there are some leverage points within this framework which might have disproportionate positive effects:
1. Higher tech adoption in agriculture - adoption of GM crops after all technical approvals
2. As you say, agri education
3. Open futures trading gradually
4. Land consolidation by allowing non-agriculturalists to buy agri land (like Karnataka did in 2022)
5. A trade policy that doesn't block agri exports abruptly and has well-defined tripwires.
Pranay, since you hold the opinion less governmental interference in agriculture is better for the long term growth of agriculture in India, would you also say the farm bills was step forward towards that embracing a free market approach in agriculture?
Of course. I wrote about it in this newsletter back then. And blamed the government for its failure to align the cognitive maps of those who felt they were losing out.
I agree that intervention is not going to reduce drastically anytime soon. But there are some leverage points within this framework which might have disproportionate positive effects:
1. Higher tech adoption in agriculture - adoption of GM crops after all technical approvals
2. As you say, agri education
3. Open futures trading gradually
4. Land consolidation by allowing non-agriculturalists to buy agri land (like Karnataka did in 2022)
5. A trade policy that doesn't block agri exports abruptly and has well-defined tripwires.