Most farmers are very poor and they will not be able to afford the required inputs without subsidies. Subsidies bring about equity between rich and poor farmers by enabling the poor farmers to use modern technology and inputs.
Subsidies were, therefore, needed to encourage farmers to adopt the new technology initially.
Explanation:
(iii) Farming in India is still a risky business and subsidies provide hedging against the risk of climatic conditions. (iv) Most farmers are very poor and they will not be able to afford the required inputs without subsidies.
Answers & Comments
Answer:
Most farmers are very poor and they will not be able to afford the required inputs without subsidies. Subsidies bring about equity between rich and poor farmers by enabling the poor farmers to use modern technology and inputs.
Answer:
Subsidies were, therefore, needed to encourage farmers to adopt the new technology initially.
Explanation:
(iii) Farming in India is still a risky business and subsidies provide hedging against the risk of climatic conditions. (iv) Most farmers are very poor and they will not be able to afford the required inputs without subsidies.