Contract Farming Current Affairs, GK & News
Contract Farming may be defined as an agreement between processing and / or marketing firms for production support at production support at predetermined prices. This stipulates that Farmer is committed to provide a specific commodity in terms of quality & quantity as determined by the purchaser. Purchaser is committed to buy the produce as per ..
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.
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 ..