Question

(b)(i) “Every coin has two sides — debate over farm subsidies is one such classic example of the same.”
Justify the given statement with two arguments each in favour of and against the continuation of the farm subsidies.

Hint:

Balance your arguments by addressing both the benefits and drawbacks of farm subsidies.

Answer 1

Pros: Offers financial support to farmers, particularly small and marginal ones, safeguarding their livelihoods. Boosts crop yields through subsidized inputs like fertilizers and seeds, bolstering national food security.
Cons: Excessive subsidies contribute to overconsumption of water and fertilizers, leading to soil degradation and groundwater depletion. Subsidies frequently favor large-scale farmers, redirecting resources away from essential rural development initiatives.