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How subsidies encourage farmers to use new technology? Explain
Dear student,
The poor farmers cannot opt for new technologies; like HYV, fertilizers, pesticides and irrigation facilities due to lack of funds due to which they remain backward. Subsidizing HYV seeds, fertilizers, farm equipments, etc. helps even small farmers to improve their productivity. In the long run, good farm output benefits not only the farmers but the whole nation. Hence, in spite of putting some financial burden on the government, subsidies definitely help the farming community in particular and the whole society in general.
Regards
The poor farmers cannot opt for new technologies; like HYV, fertilizers, pesticides and irrigation facilities due to lack of funds due to which they remain backward. Subsidizing HYV seeds, fertilizers, farm equipments, etc. helps even small farmers to improve their productivity. In the long run, good farm output benefits not only the farmers but the whole nation. Hence, in spite of putting some financial burden on the government, subsidies definitely help the farming community in particular and the whole society in general.
Regards