Could Indian Farmers Set Prices for Their Output in a Developed 2047? A Special Focus on Soybean Cultivation

This research paper explores the potential for Indian farmers to set prices for their agricultural output, particularly focusing on soybean cultivation, in the context of India’s economic development by 2047. It delves into the challenges and opportunities faced by Indian farmers in a rapidly changing market, the role of government policy, technological advancements, and infrastructure development. By considering the evolution of the agricultural sector, including both domestic and global market dynamics, this paper aims to evaluate how Indian farmers—especially soybean growers—might transition from being price takers to price setters in an increasingly developed economy.