1. Business-line writes about the status of farm-insurance in our country in its editorial. According to a survey by Max New York Life and National Council for Applied Economic Research, only 19% of rural household have life insurance while only 10-15% of all farmers have crop insurance.
2. Some happy news for farmers. Government has announced higher MSP (Minimum support price) for various Kharif crops for year 2008. However as "harvest of crops is only weeks away; and there is no way farmers will draw any benefit from the announcement at this point of time in the crop growth cycle." MSP of cotton has also been increased by 38.9-47.8
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