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Price guarantees will not help India's farmers

A futures market paired with crop-neutral income support would be much better

| India
Workers sow paddy crop near Kotshamir village in Bathinda, Punjab's southern distric, on June 7: most of India's farmers have no access to reliable demand forecasting.   © Hindustan Times/Getty Images

Prerna Sharma Singh is an award-winning analyst specializing in policy and regulation with special reference to the agriculture and food sectors. She is a director on the board of Indonomics Consulting Private Limited.

Emboldened by Prime Minister Narendra Modi's big retreat on reform of the country's agricultural sector, farm lobbies represented by the likes of Bhartiya Kisan Union and Samyukta Kisan Morcha want a legal guarantee on minimum support prices for all of India's major crops.

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