ACI's organic contract farming project gets more land
BS Reporter / Mumbai/ Ahmedabad Aug 31, 2010, 00:06 IST
ACIL Cotton Industries (ACI) has announced today that it has entered into contract farming with farmers of Surendranagar for cultivation of organic crops over 173 acres of land.
The company has already started farming in 149 acres land in the same location and with the addition of 173 acres of land, the total area under the company for organic cultivation has now gone up to 322 acres.
The company has informed the Bombay Stock Exchange (BSE) that as per the agreement, ACIL will provide all facilities like irrigation system, technical assistance, quality seeds, organic fertiliser and labour (if required) to farmers for better yields.
According to an official communique, “This is the first step by the company to cultivate organic harvests as a model called integrated organic cultivation, which would guarantee farmers a market-supportive mechanism for selling their produce.”
Add to that, ACIL intends to bring 100 acres more land in Bhavnagar under organic contract farming. The company also plans to set up a unique business model in corporate organic farming business and plans to establish a complete chain from farming to retailing the product.
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