Question

“Farm subsidies put a huge burden on the government finances, but are necessary for the poor and marginal farmers.” Justify the given statement.

Hint:

Farm subsidies play a crucial role in reducing income inequalities among farmers, ensuring that small and marginal farmers can compete with larger producers.

Answer 1

Farm subsidies are essential despite their financial burden for the following reasons: 
Support for Marginal Farmers: Subsidies provide financial aid to small and marginal farmers, enabling them to access fertilizers, seeds, and irrigation facilities. 
Stabilizing Food Supply: They help ensure consistent agricultural production, leading to food security for the nation. 
Reducing Rural Inequalities: Subsidies mitigate income disparities in rural areas by supporting resource-poor farmers.