Dharma and Sankata of Markets for Smallholder Farmers in India
With due apologies for those who find the title boggling, here is a rough translation: What does it take to make markets work for smallholder farmers in India?
A couple of days ago, I virtually attended the launch of Samunnati’s Agri Startup Engagement Platform. Anilkumar SG, Founder and CEO, introduced Samunnati thus:
We are a value chain player. We work to make markets work for small holder farmers. That is the purpose of our existence.
Mind you, this is no easy task. If you’ve been following my blogs, you would know my obsession to get to the bottom of this question.
As I had noted earlier, Indian agriculture has many ground conditions for markets to fail.
Does it require shared resources? Check.
Is there information asymmetry? Check.
Does it involve transactions in which the pay-off happens in the future? Check.
I am assuming that I don’t have to spell out how these operating conditions play out in the case of the Indian agribusiness. If you have questions, feel free to share your comments below.
If Indian agriculture has several ground conditions for markets to fail, how do we make markets work for smallholder farmers in India?
Fascinating…