Daily Excelsior (India) published an article about the two recent developments in the agricultural sector that merit attention. The first is the constitution of the long-awaited committee to look into the financing of the Minimum Support Price (MSP) mechanism. The other development is the release of a report by the Indian Council of Agricultural Research (ICAR) documenting the success stories of 75,000 farmers from across the country, noting how technological and policy interventions could lead to an overall 150-200 percent increase in their income in 2020-21 compared to 2016-17. The article discusses the 2022 Global Food Policy Report on Climate Change and Food Systems which estimated that India would be facing a 16 percent drop in food production with the number of those at risk for hunger increasing by 23 percent by 2030 due to climate change. It has been reported that shortages of water, land, and energy combined with the increased demand from the population and economic growth will create a global food shortage around 2050 and India is no exception.
