Land sold, farmers clear debts, send kids abroad.

 

Farmers  in the capital region, who have sold their lands, are spending the money primarily for domestic purposes. 

 

For most farmers, the first  priority is to  clear their debts, second is the education of their children. Renovating their home  figures prominently with a few planning to build modern homes. Buying  new vehicles,  gold ornaments and latest household appliances are also on the wish list. 

 

K. Nageswara Rao of  Inavolu sold half an acre of  land for Rs 37 lakh and  cleared his debt of Rs 3.75 lakh. He also set aside Rs 8 lakh for the education of his two children and Rs 3 lakh for renovating his house. He has Rs 22 lakh in hand with which he hopes to buy  two acres of land.

 

I. Sambasiva Rao of Tullur sold  one acre of his five-acre property for Rs 85 lakh. He spent some money to clear his debts and is making  arrangements to send his son to the US for higher studies.

 

Interestingly, buying land at lower prices figures last on the wish list of many farmers.