Even as farmers saw very low increase, or even decrease, in price for their produce, the growth on agricultural wage hasn’t fallen as much. This means, while farm income has fallen labour wages remained more or less the same, squeezing the farmer’s income further.
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According to the Central Statistics Office’s new 2011-12 base year series, the latter number that is 2.04 per cent, is the lowest for any quarter and the worst since October-December 2004, which recorded minus 1.1 per cent.
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