Business Intelligence

Since late November, thousands of Indian farmers have expressed their concerns over three new bills proposed by Prime Minister Modi in both houses of India’s Parliament in September. These bills at the surface include: 1) Farmers Agreement on Price Assurance and Farm Services Act; 2) Essential Commodities Act; 3) Farmers’ Produce Trade and Commerce Act.

The three new Farm Laws would facilitate direct sales between cultivators and private companies in selling crops. These freemarket-esque laws were met with resistance by local farmers, with hundreds of farmers from countries such as Punjab and Haryana blocking
highways to Delhi for more than three weeks, against the new farm legislation in fear that it would prompt the government to stop making direct purchases of crops at minimum state
rates, at the minimum support price (MSP). These laws were passed in the hopes of promoting alternative avenues to sell crops, increase the median income and conjuring a more competitive agricultural market.

Tens of thousands of farmers, mainly from Punjab and Haryana, have been parking on various highways along New Delhi's borders since the end of November demanding the roll-back of new legislation aimed at relaxing the rules on the pricing, storage and marketing of crops. Prime Minister Modi has since then invited farmers towards a peaceful settlement, however, nothing short of a complete annulment of the three laws would be enough to sway the protestors from their position.

https://www.thehindubusinessline.com/news/agricultural-reforms-have-started-benefiting-farmers-pm-modi/article33370875.ece

https://foreignpolicy.com/2020/12/18/india-farmers-wont-stop-protesting/

https://www.aljazeera.com/news/2020/12/18/several-indian-farmers-dead-in-protests-against-farm-laws

https://timesofindia.indiatimes.com/india/centre-reaches-out-to-protesting-farmers-unions-asks-them-to-fix-a-date-for-talks-to-find-solutions/articleshow/79828813.cms

Why India’s Farmers Won’t Stop Protesting Agriculture’s importance for the labor market cannot be underestimated—especially amid a historic pandemic.

Water joined gold, oil, and other commodities traded on Wall Street, highlighting fears that life-sustaining natural resources could become scarce in more parts of the world.

According to the US Drought Monitor, In California, the most recent acute dry spell stretched from December 2011 until March of last year, the direst effects took hold in July 2014, with 58% of the state’s land suffering “exceptional drought,” leading to crop and pasture losses and other water emergencies.

However, there is debate on whether or not Water would make the Major Commodities List. Traditionally, precious metals come down to abundance, price and weight. The commodities that are most important to financial markets have several common characteristics: They’re used globally but produced at only a few locations; they’re relatively scarce, and thus command a steep price, and their value is high relative to their mass so that even at long distances the cost of freight is a small proportion.

Water, on the other hand, is widely abundant compared to any other commodity. In most places, it can be collected for free by just attaching a tank to your drainpipe. Even in places with low rainfall or lacking in access to clean water (such as Singapore), desalination is a far cheaper option than long-distance transport.

California Water Futures Begin Trading Amid Fear of Scarcity Water joined gold, oil and other commodities traded on Wall Street, highlighting worries that the life-sustaining natural resource may become scarce across more of the world.

Eat Just Inc., a meat and egg substitute maker, has been approved to begin selling its lab-created chicken in Singapore. Making it the first government-backed, sale of cultured meat.

Debuting under the brand 'GOOD Meat', Singapore is looking to quickly allow for the sale of alternative products to cater it's densely populated city of 5.7 million people.

Check out their process down below:

Lab-Grown Meat Is Coming to Your Supermarket. Ranchers Are Fighting Back. The U.S. Cattlemen's Association petitioned the USDA to declare that "meat" and "beef" exclude products not "slaughtered in the traditional manner." --- Subs...

For those of you who missed the event, a video recording of Entrepreneurship Through Adversity is now up on our Youtube channel!

We would like to thank our extra special guest Mandy Santoso for coming onto the show and sharing her insights and experience with all of us!

Mandy Santoso: dearkamoo | Personal Insight's and Starting a Business During A Pandemic BIS society welcomes an influential entrepreneur of dearkamoo, Mandy Santoso. Mandy with her friend fonded dearkamoo in Indonesia during the pandemic. Starti...

SO EXCITED! One more day to our LIVE event!

Share with your friends and hit 'Going' on our event link as dearkamoo will be having their Christmas Specials for those who attend our live event!

Link to join the session:
https://us04web.zoom.us/j/72085065144?pwd=TUR3SmZTSWJZK0phRzJ1SDV1eW50dz09

Meeting ID: 720 8506 5144
Passcode: BIS2020

Starting a business can be stressful, much more so in the midst of a global pandemic.

Find out how this small business start-up prospered through hard times, in our latest webinar ENTREPRENEURSHIP THROUGH ADVERSITY. Featuring dearkamoo's Founder Mandy Santoso.

Link to join the session:
https://us04web.zoom.us/j/72085065144?pwd=TUR3SmZTSWJZK0phRzJ1SDV1eW50dz09

Meeting ID: 720 8506 5144
Passcode: BIS2020

Here's a glimpse of our top 3 posts over the past month! Follow our in-depth articles and commentary from contributors by joining our exclusive group at:

https://www.facebook.com/groups/businessintelligenceswin

Top 3 contributors:

1. Minami Sakaida
2. Aveline Shim
3. Minami Sakaida