Efficient Agricultural Marketing Boosts Incomes, Reduces Prices for India's Poorest
Agriculture in India is a major source of jobs and food spending. Making the process of getting farm products to consumers more efficient could benefit producers, consumers, and the economy. By using a detailed model, researchers found that improving agricultural marketing can lead to higher output and wages, increased prices for farmers, lower food prices for consumers, and higher spending, especially for low-income households. These improvements could help offset some challenges in certain markets and households when reducing agricultural subsidies and tariffs.