This paper focuses attention on the ‘agrarian crisis’ with particular attention to small-marginal farmers and the associated resource and institutional constraints that have been on the rise since the initiation of economic reforms. The first section discusses growing marginalization and the constraints on small farms. The second section analyses some of the reforms in agriculture and their impact in a political economy framework. The third section analyses the nature and dimensions of farmers’ indebtedness problem. The fourth section examines the deterioration of the livelihood of small-marginal farmers. The fifth section analyses the nature and dimensions of farmers’ suicides. The sixth section briefly refers to the need for small-marginal farmer collectives. And the last section refers to some hopeful in the direction of farmers’ collective.