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Q.

Farmers often need to take loans from different sources to buy ____ like seeds, fertilisers, and farm equipment.


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Detailed Solution

Farmers often need to take loans from different sources to buy farm inputs like seeds, fertilisers, and farm equipment. Small farmers are at the mercy of traders, moneylenders, and landlords for loans. Interest rates are usually very high when farmers take a loan from non-governmental offices. The crop gets eradicated due to natural misfortune or pesticide invasion, which is a reason for crop collapse. In this case, the farmer is unable to repay the loan. For survival, they may even have to borrow more money. It is the situation when people say that farmers are caught in debt. It has been the reason for farmers' suicide in recent days.
 
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