Abstract:
This paper examines the efficacy of the current system of public foodgrains management and
policies in promoting food security in the country. It argues that the system has outlived its
usefulness, and that continuing with the same only stifles growth in foodgrains, with very
little welfare benefits to the poor. The paper then presents a series of suggestions for
reforming and modernizing the foodgrains management system in the country that would be
welfare improving and also efficient, saving vast amounts of resources that can be used to
invest in augmenting agricultural, especially foodgrains output.
