The Central government in June passed three Acts to reform the farm sector. One, to free the prices of cereals, pulses, oilseeds, edible oils, onion, and potatoes from stock limits (with some exceptions); two, allowing farmers to sell their crop to anyone, anywhere; and, three, allowing farmers to get into contract farming. The fairy tale outcome of these reforms would be better infrastructure and market access, which could take the rural economy to new heights. Under current laws, farmers can only sell (most products) to licensed traders in APMC (agricultural produce marketing committee) mandis near them, controlled by politicians, who gobble up the bulk of the profits from the chain. With prices being freed, farmers will benefit — this is the hope. Through contract farming, farmers will get capital and technology — this is the dream. Relentless propaganda has brainwashed millions into believing this rosy scenario.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- 26 years of website archives.
- Preferential invites to Business Standard events.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Sun, December 20 2020. 22:26 IST