Contract Farming in India: objectives, Advantages, Disadvantages

Ravikiran 04/06/2020

From Current Affairs Notes for UPSC » Editorials & In-depths » This topic

The third tranche of economic measures made significant hints towards contract farming and related policy initiatives. After various state governments taking various steps related to agricultural marketing, the central government has brought an ordinance on contract farming making it legal to sell farm produce beyond traditional APMCs and undergo contract farming.

What is Contract Farming?

Contract farming is an agricultural production model in which agricultural production is carried out in accordance with an agreement between a farmer and a buyer.
In Contract Farming, typically a forward contract, the farmer agrees to provide the agreed quantity of specified a

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Categories: Agriculture Issues in India, Policies/Plans/Guidelines/Frameworks

Tags: economy, In-depths, premium

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Yogesh 13/09/2020
Model contract farming act , 2018 is actually there instead of model contract farming act 2008 .
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