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Amid farm stir, Centre to procure wheat early

Hindustan Times

|

February 26, 2024

The Union government has issued instructions to states to start procurement of wheat at minimum support prices from March 1, earlier than usual, and transfer payments to farmers' accounts within 48 hours, a top official said on Sunday.

- Zia Haq

Amid farm stir, Centre to procure wheat early

The decisions come amid massive protests by farmers, who have assembled on the capital's doorsteps demanding legal guarantee of higher crop prices, among other demands. Procurement refers to the government's buying of farm produce at federally fixed floor prices.

Early sowing in many regions and cool conducive weather have prompted the government to estimate a bumper harvest of the grain at 114 million tonne in 2024-25. In the 2023-24 winter cropping season, the government had purchased 26.1 million tonne against a target estimate of 34.1 million tonne.

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