A statement is given followed by two conclusions numbered I and II. You have to assume everything in the statement to be true and decide which of the conclusion logically follow(s) beyond a reasonable doubt from the information given in the statement.

Statement:

It is reported that heavy and erratic rainfall has destroyed many agricultural crops and farmers are in debt.

Conclusions:

I. Farmers need not repay the debt.

II. Prices of groceries and other essential food items such as lentils and grains will surge.