For this threat, many a times the farmers are forced to sell off a portion of their land to pay for the installment of the tractor, which actually makes them poorer rather than adding to their riches by creating a vicious cycle of reducing means of production and increasing the liabilities. Probably for similar reasons, even Mahatma Gandhi opposed the mechanization in agriculture in his book 'Hind Swaraj' written in early 30's.
So, what is the solution?
So simple! Then why the hell do they get one in the first place?
That’s how another farmer is drawn into the debt trap for the so called symbol of development. Adding to the existing number of tractors in the village, it further reduces the rate that a young entrepreneur was getting as tractor hire and thus the farmer not just hurts his financial interest but also that of others in the village.
Later on, as the farmer is unable to pay the installments in time, he sells of some of his lands, and ultimately the tractor is either snatched off by the bank or the farmer has to make a distress selling to some biggy of the village to pay off the remaining amount of the loan.
It is evident with this that selling tractors to small and medium farmers- without any ethical considerations about their paying capacity and how it would effect their finances in the long run- is ruining thousands of farmer of India.
Is anybody listening?