Indian Journal of Economics and Development: Forthcoming Issue

Microeconomic Aspects of Farm Household Production and the State of Vulnerability: Empirical Evidence from a Village Economy of Punjab

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Indian Journal of Economics and Development
Volume 15 No. 4, 2019, 564-573
DOI: 10.5958/2322-0430.2019.00072.6
Indexed in Clarivate Analytics (ESCI) of WoS

Baldev Singh Shergill1, Satjeet Singh Tiwana2, and Manjit Sharma3*
1Assistant Professor, Department of Economics, GKC-Punjabi University Guru Kashi Campus, Talwandi Sabo, Bathinda-151302
2Statistical Scientist, Department of Agriculture, Government of Punjab, Patiala-147001 (Punjab)
3Assistant Professor, Department of Economics, DAV College, Chandigarh-160011
*Corresponding author’s email: drmanjitdav@gmail.com

ABSTRACT
Punjab played a pioneering role by ushering in agriculture-led growth with a public policy support system in the form of rural infrastructure and positive price policy but ultimately trapped in agrarian crisis. The sustainability of the intensive agricultural production system in Punjab became ecologically and economically costly. To find answers of the agrarian crisis and economically costly model of agriculture, this paper examines the microeconomic aspects relating to farm households at the village level by census study. This study examines the microeconomic aspects of monoculture cropping pattern relating to 734.50 acres operational landholding and seventy farm households in a village. The marginal and small farm households were experiencing the state of vulnerability by adopting modern agricultural practices and cropping pattern while examined by the total earnings (farming+ livestock) and total expenditure of the farm households. The study endorsed the view that model of Punjab agriculture which introduced in the mid-sixties requires fundamental changes in the context of ownership of land, cropping pattern and practice of farming.

Keywords
Earning, expenditure, land ownership, vulnerability.

JEL Codes
P44, Q12, Q24,

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