Onions make personal debt-ridden Karnataka farmer crorepati

BENGALURU: Onions are absolutely making consumers cry. But the skyrocketing rates brought large windfall to an onion grower in Doddasiddavvanahalli in

Chitradurga district

— farmer Mallikarjuna became a crorepati in a month’s time.

The forty two-calendar year-old financial debt-ridden farmer, who sowed onion seeds just after using a financial loan, claimed that it was the largest chance he had taken so considerably. “I would have acquired caught in a lousy credit card debt if the crop experienced failed or the selling prices had crashed. But onions have changed the fortunes of my family members now,” Mallikarjuna informed STOI. He had reaped a bumper crop of 240 tonnes of onion (close to 20 truckloads) even though the rate was racing in the direction of Rs two hundred for every kg.

Mallikarjuna invested Rs fifteen lakh, hoping to enjoy a income of Rs five-ten lakh. But he hit a jackpot.

Onion farmer made Rs 5 lakh financial gain final yrMallikarjuna is now a celebrity in the farming circles in Chitradurga, 200km from Bengaluru, immediately after community media documented his accomplishment tale. “I have cleared my credit card debt and I am organizing to create a residence. I want to invest in much more land to expand the agricultural get the job done in the coming a long time,” he stated.

Mallikarjuna, who owns ten acres of land, took a different 10 acres on lease to grow onions. He also employed around 50 labourers. “Water is scarce right here and every thing is dependent on groundwater. Lots of farmers have provided up agriculture owing to the prevailing drought-like situation here,” he said.Since 2004, Mallikarjuna has been expanding onions in the wet season. His profit past year was all over Rs five lakh.

The journey was not uncomplicated. The period of time right until Oct was tense for Mallikarjuna as

onion costs

remained lower. “When I marketed onions in the first week of November, the rate was about Rs seven,000 for each quintal. Within a handful of times, it touched Rs twelve,000 for every quintal,” he claimed. Mallikarjuna and his family associates acquire turns to guard the crop from onion thieves.