Outcome-based subsidies are vital for innovation: Experts

Subsidies based mostly on outcomes relatively than enter-oriented would be the ideal way to go

Subsidies based mostly on outcomes relatively than enter-oriented would be the ideal way to go forward for advertising innovation, gurus mentioned, though participating in a panel discussion at the BusinessLine Agri Summit listed here on Friday.

“Outcome-based mostly subsidies can be a driver for bringing in technological know-how into Indian farming. For example, Nabard before utilised to give projects which are enter-oriented. Now, Nabard changed it. Now, its projects insist on outcomes and the renumeration is now connected to the final result,” mentioned M L Jat, Principal Scientist and Systems Agronomist at the Intercontinental Maize and Wheat Improverment Centre.

“When we speak about technological know-how, the impression we carry is that technological know-how could be panacea for agriculture. That is not necessarily the situation. There are lots of stakeholders in agriculture. Prioritisation is key when technological know-how is considered of,” mentioned Sandeep Malhotra, Main Govt Officer of IFFCO Kisan, though talking at a panel discussion moderated by N Madhavan, Senior Associate Editor of BusinessLine.

Transforming farmer mindset is incredibly critical, Malhotra mentioned. Providing the example of agricultural extension workers who are now all over one.five lakh in the region, Malhotra mentioned now they arrive at out to twenty five-thirty farmers every. Can technological know-how be utilised to improve the number to one hundred or far more?, he asked.

He mentioned IFFCO Kisan geomap every and each farm they perform with. “There are about five lakh farmers on board now and we are in a superior situation to affect them meaningfully,” Malhotra mentioned.

Footprint in Africa

Naveen Chaurasia Vice-President of OLAM, mentioned: “Our motto is incredibly similar to that this meeting, which is Re-Imagining India’s Agriculture.” Citing the example of Ivory Coast, where OLAM commenced doing the job incredibly early on, Chaurasia mentioned the African region made available them an place which is least successful to perform on. “We have a large amount of farming footprint in Africa. Specifically Ivory coast. The place offered to us by the Ivory Coast authorities was bad and least successful. We worked with 2,000 farms. We have been offering them advisories, everything that they will need for executing farming, expand cotton in a sustainable way, with bare minimum fertilisers, pesticide and water. The farmers have been having a produce of superior high-quality cotton of 260 kg for every hectare which went up to 560 kg a hectare immediately after our intervention that way too with fifty for every cent much less water and other agri inputs,’’ Chaurasia mentioned.

What is will need is to marry farm technologies with plan assistance. We will need to give farmers a bouquet of equipment that can give them a plethora of prospects,” mentioned V Ramanathan of Rallis India. He reminded the audience how the crop efficiency of cotton saw a spectacular rise in the decades pursuing the introduction of Bt cotton in 2002.

M Jawaharlal, Director of Extension Schooling at Tamil Nadu Agricultural University, mentioned a large amount of technologies are readily available no matter if they perform is the problem.

He mentioned TNAU imparts training to a number of youth to develop into entrepreneurs in the food stuff house. Providing the example of marigold cultivation in Tamil Nadu, which TNAU released, he mentioned farmers even with compact patches of land are earning superior as the value of the flowers, which is also utilised for extracting a pigment, went considerably.