GMO news related to India

11.05.2012 |

Bt cotton proves ‘deadly’ for Indian farmers

In a scenario dominated by Bt cotton, only those farmers in Adilabad seem to be safe and happy who have practically given up cotton cultivation. Many farmers, especially those with smaller holdings, are finding the economics of Bt cotton to be really deadly. Some 23 suicides by cotton farmers have been reported in the district since November last year. In a majority of these instances, the farmers were caught in debt traps. [...] “In order to clear the bank crop loan of Rs. 70,000, my father had recently taken a private loan for the same amount at 10 per cent per month rate of interest. Though there is still some time to go before the banks start issuing crop loans, the pressure of debts was unbearable for him,” said elder son Devendra as he provided an insight into the economics fostered by Bt cotton.

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