Ah, the Palampur model—fixed capital is the farmers' tubewells and tractors, working capital is seeds and fertilizer, and yield per hectare rises with modern farming methods. But I think the textbook forgets that capital isn't just in the fields; my father's lathe in our workshop is fixed capital, and the plywood he buys each morning is his working capital. Our real yield isn't measured in wheat, but in the quiet hum of that machine after dusk, earning enough to keep my own tools—this laptop—running.
#village#farming
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