Wow, that's lots of money. If they're growing wheat, that's 34 bushels worth at $5 per bushel. I don't know what yields are like in India, but in Saskatchewan, Canada 34 bushels per acre of wheat is not a great crop, but it's not a bad one either.
In other words, that payment could double a typical Saskatchewan farmer's gross income. And considering that the farmer's expenses are typically 90% of the income, that's about 10x the net income. (A typical Saskatchewan farmer has about 2000 acres of land).
In other words, that payment could double a typical Saskatchewan farmer's gross income. And considering that the farmer's expenses are typically 90% of the income, that's about 10x the net income. (A typical Saskatchewan farmer has about 2000 acres of land).