A.1. What are farm subsidies?
The government’s proactive measure to help farmers in the agricultural industry produce more and receive the necessary compensation is called farm subsidies. It influences the pricing and supply of agricultural goods and aids in managing their supply.
It balances inter-regional imbalances, encourages agricultural production, and aids in the promotion of agricultural development. Additionally, it is anticipated that subsidies will advance agricultural mechanisation, encourage better crop patterns, provide employment prospects, etc.