New Delhi, Dec. 11 -- Farmers in the country are witnessing a sharp fall in cultivation income this season as unseasonal rains, crop damage and a collapse in Kharif crop prices have hit rural earnings, according to a report by Elara Securities.

The report highlighted that cultivation income in rural India is "seeing a collapse", with pan-India rural checks confirming that unseasonal rains have damaged crops and depressed Kharif prices, weakening farmer earnings and dampening overall rural sentiment.

It stated, "Cultivation income in rural India seeing a collapse. Our pan-India rural checks confirm unseasonal rains led crop damages and depressed Kharif crop prices are shrinking cultivation income".

According to the report, income realiz...