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Saturday, May 21, 2022

We, the consumers, are underpaying for food grains. Farmers and environment are the sufferers.

Globally, we, the consumers, are underpaying for our food grains. Due to this, the farmers are suffering. Environment is also suffering.

Many farmers are not growing food grains mainly because it is not an economically viable activity for them. Till the cost of food grains increases, agriculture cannot be a viable occupation for crores of farmers.
Consumers have become accustomed to spending significantly less on food grains. However, they do not mind spending considerably on discretionary, non-essential expenses (such as travel, entertainment and gadgets).

It looks like there might be a shortage of food grains in the world in the near time. If that happens, the consumers will have to adjust (at least temporarily) their spending pattern to pay more for the food grains.

I will articulate soon for few related questions that you might be having:
  1. How consumers have been able to underpay for the food grains?
  2. What happens if consumers continue to underpay for the food grains?
  3. Why environment is the casualty if farmers underpay for the food grains?

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