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Year : 2020, Volume : 14, Issue : 2
First page : ( 32) Last page : ( 38)
Print ISSN : 0973-9629. Online ISSN : 0976-4674. Published online : 2020 December 30.
Article DOI : 10.5958/0976-4674.2020.00009.9

The Impact Of Agriculture Price Policy In Sustaining The Agricultural Development: An Application Of Structural Equation Modeling

Mr. Kumar Prasanna T1, Dr. Basavaraju K. C2

1Research Scholar, DoS in Economics and co-operation, University of Mysore, Manasagangothri, Mysore, Karnataka

2Associate Professor(Retd), DoS in Economics and co-operation, University of Mysore, Manasagangothri, Mysore, Karnataka

Abstract

Government of India brought about a price policy for providing a fair price for agricultural products. Policies relating to procurement price of agricultural produce by formers have remained totally transparent, economically viable and non-discriminative to our farmers. The idea behind implementing this agricultural price policy is to provide better incentives to our farmers so that we can see improvement in crop production. Secondly concentrating on increasing agricultural inputs will lead to reduced imports in national level. Agricultural price policy of our government has serious implications in the economy of our country. Price policy implemented on agricultural output put emphasis on all major growing food grains in our country which include rice, wheat, maize, ragi, jowar, barley etc.

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