ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Questioning Adequate Compensation for Land

Can there be a better way to frame land acquisition in favour of farmers? Perhaps the value of land needs to be fixed at intervals and projected in a five year step.

Nobody likes acquiring land from the farmer for industry. It has the element of forcible appropriation with no voice for the farmer and appears victimising as it were. The state argues it can acquire, for what it considers as, public interest. Public interest is usually defined as the greatest good of the largest number of people. Unfortunately in the way land is acquired it often looks like the government is furthering corporate interests.

However public interest is hardly served by corporate interests. Most businesses maximise profit for investors of finance capital by acquiring land at throwaway prices. The industry that is based on the land does not create adequate employment but it does shoot up the gross domestic product (GDP) numbers.

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