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Economic Aspects of Organic Farming

This article examines the economic and environmental factors unique to tiny, landless, and marginal farmers, and then suggests ways in which such farmers might increase their income via the practice of organic farming. The majority of farmers are economically marginalized, making it unrealistic to expect them to invest in large quantities of fertilizers and chemicals, thus they must turn to organic practises instead. And for the many individuals who own just a few acres of farmland, organic farming is a great option. The Fair-Trade Alliance of Kerala (FTAK) is a group of local farmers with the goal of expanding their access to the international fair-trade market. In comparison to the free market, the method results in lower prices for goods, which is good news for fair trade exporters. By analysing FTAK, this study highlights its positive effects on income and highlights the importance of the growing organic food industry, premium pricing, and incentives for farmers. According to the findings, organic farming is a more effective way to increase Indian farmers' income by 20-50%, and that fair trade farmers received higher prices (20-50%) for their commodities when selling them directly to international buyers.