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Farm outsourcing: World scenario and Indian perspective

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Subash.S.P and Parminder Kaur

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Abstract

Indian Journal of Economics and Development
Year : 2012, Volume : 8, Issue : 3
First page : ( 65) Last page : ( 74)
Print ISSN : 2277-5412.

Farm outsourcing: World scenario and Indian perspective

S.P. Subash1, Kaur Parminder

Department of Economics and Sociology, Punjab Agricultural University, Ludhiana-141004

1Email: subashspar@gmail.com

Online published on 1 August, 2013.

Abstract

The present paper aims at highlighting the crucial issues in farm outsourcing at a global level with particular reference to India. Farm outsourcing is emerging as a new investment trade. Globally millions of lands worth billions of dollar are traded. In the recent past the farm outsourcing business had seen tremendous change. The private investors are replaced by government agencies and cash crops are replaced by staple crops and bio-fuel. These changes are mainly due to the raising concerns over the food security and international food price volatility. Major countries involved in trade are the oil rich Gulf States and countries with high population. India is one of the prospective farm outsourcing nations. Agriculture in India is facing challenges such as stagnant productivity, decreasing land availability, climate change and higher demand. These challenges are urging for investments in countries the need of investing in other countries with less production risks for greater food security.