Taking Up Farming

Farming is not a preferred choice of career for many of India’s educated young people,even when they have a family background and experience of farming.The reasons are manifold:Firstly when people think agriculture they often see subsistence farming with dependency on the vagaries of the monsoon and fluctuating incomes versus the steady income from a job.Secondly,it involves a degree of physical labour,something that our society honours less than intellectual labour. Thirdly,calling oneself an IT Professional or manager rather than farmer probably betters one’s chances in the Marriage Mart.

Farming doesn’t necessarily consign you to penury.After all there is a large market for Mercs,BMWs and other luxury vehicles in rural areas from crorepati farmers.Indeed as agricultural income doesn’t attract taxes,farming is worth exploring as a means to build wealth.My experiments  return 10-40% per year on the capital invested.Moreover,as India’s population rises and grows more affluent there is a growing need for quality food produce.The government is concerned about this situation from 2 angles,national security being compromised as a result of over dependence on external food suppliers and the BOP problems arising from the outflow of foreign currency to import food products.Hence the government subsidies to encourage agriculture.Here is a scenario ripe for an enterprising person to make money. Read more of this post