Tamil Nadu has become the first State in India to enact a law on contract farming after President Ram Nath Kovind gave assent to the Agricultural Produce and Livestock Contract Farming and Services (Promotion and Facilitation) Act. The law will safeguard interests of farmers during times of bumper crop or when prices fluctuate.
Contract Farming: GK, Current Affairs, Questions, Trivia and News
The recent spat between the PepsiCo and a handful of potato farmers from Gujarat has again led the debate surrounding contract farming to the forefront. The contract farming has been prevalent for long years in potato growing regions, especially in West Bengal, one of the most productive potatoes growing regions of India. Advantages of Contract ..
Pradhan Mantri Fasal Bima Yojana Pradhan Mantri fasal Bima Yojana (PFBY) is a crop insurance scheme wherein there will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops. In case of annual commercial and horticultural crops, the premium to be paid by ..