What is distress sale?
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Posted by Amandeep Singh 5 years, 7 months ago
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Neeti Singla 5 years, 7 months ago
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Yogita Ingle 5 years, 7 months ago
A distressed sale occurs when a sale must be made under unfavorable conditions for the seller. Lack of agricultural marketing infrastructure often forces the farmers to sell their produce at low prices for fear of spoilage or to pay off an imminent debt. This is termed as distress sale. Farmers tend to suffer highly on account of these sales because they not only get a low price for their products but are also cheated by the use of false weights and are charged a high commission. The government is likely to soon launch some measures that aim to end distress sales by farmers of tomato, onion and potato (TOP) crops.
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