Technology is coming to the rescue of humans to fight the new food security challenges we face.
Good intentioned government intervention in the markets by licensing of production, has always resulted in long term damage. All that it has done is to create unwanted market distortions and crony economies.
I believe that the government policy approach to enhance farm incomes and decongest cities is doomed to fail. Ila Patnaik and Radhika Pandey write that the government is encouraging rural youth to stay in the villages.
I do not believe that the government’s targets for growth in agricultural productivity will be met. Even if they are, it will be skewed growth, which will not better the real incomes of the vast majority of farmers.