Farming is one of the oldest occupations in the world. Nearly a billion people around the world are engaged in farming. Nearly 80% of this is small farming, with farms ranging from an acre to 10 acres. At such small scales, farming is not a profitable business. Without subsidies, there would only be industrial-scale farming, with little variety in foods and considerably more damage to the environment.
More than half of India’s population depends for their livelihoods on farming. So far the Indian State has subsidised agriculture in different ways, particularly in states in which farming is the mainstay of the economy.