Industry, farmers reject draft contract farming Act

Different stakeholders, including industry and farmers, have given a cold shoulder, with some even openly rejecting the draft model contract farming Act, which the Union Agriculture Ministry has framed recently, and circulated for comments.

“The Act is aimed at helping agribusinesses to rake in profits. It promotes an unequal arrangement where farmers’ products would be available cheaply to these companies,” said Vijoo Krishnan of All India Kisan Sabha.

“Rather than incentivising farmers with subsidised inputs and procurement at remunerative prices, it talks of incentivising companies. It also has a provision to allow companies to buy produce at lower than contracted prices citing inferior quality,” he said.

Source: Industry, farmers reject draft contract farming Act | Business Line