Business Standard

Agri reforms panel wants push to contract farming

Related News

Also asks for changes in law to .

The panel appointed by the Union agriculture ministry to suggest reforms in marketing of farm produce will suggest that states governments reduce the security deposit for the .

It will also ask for changes in the Agricultural Produce Marketing Committee (APMC) law to incorporate private players in providing infrastructure in this regard.

The committee, chaired by Maharashtra’s minister for marketing and cooperation, , would be soon presenting its first set of recommendations.

It is learnt the committee has suggested all states slash the ‘default security’, an amount equivalent to a certain percentage of the purchase value that is distributed among farmers in case the buyer refuses to purchase the produce as contracted.

According to sources, Haryana is likely to do this, by reducing the requisite security from 15 per cent of the estimated purchase value to five per cent.

The state allowed contract farming in 2008. Since then, only has ventured, engaging about 5,500 acres for barley cultivation.”

The corporates refrained due to unsuitable tax structure and high default fee,” said an official in the .

Uttarakhand, Gujarat and Punjab also allow contract farming.

Sources told Business Standard 18 amendments have been suggested in the APMC Act. So far, 16 states have accepted the Model APMC Act framed by the central government and it was under consideration in seven states.

The committee is also exploring the feasibility of involving private companies for post-harvest infrastructure for perishables, specially cold chains and logistics, on a public-private-partnership model.

The committee wishes farmers to have a choice on where to sell their produce, instead of being forced to do so at a single place.

Read more on:   
|
|
|
|
|

Read More

Odisha eases sales restriction on ore from lease-expired mines

Traders say supply to get a boost of 10 million tonnes

Quick Links

 

Market News

Plea against MF body as self-regulator admitted

The Securities Appellate Tribunal (SAT) has admitted an appeal against a decision on approval given for setting up a regulatory organisation for ...

El Niño worries inflation managers

RBI has decided to consider inflation based on new series CPI in which half of the weight is for food, beverages and tobacco

Coffee at 26-month high as Brazil drought raises price volatility

Coffee futures jumped as much as 8.3 per cent, driving volatility to the highest since 2000

JSW Steel mulls using Goan ore for Dolvi plant

The company plans to participate in e-auctions at Goa as and when the ore with 58% Fe is auctioned

SC ruling on Goa mining may hurt 19 Odisha mines

The average combined annual production of these mines works out to about 0.4 mt

Back to Top