Area
India
Commodity Group
Rice
Commodity
All
Date
05/06/2020
Policy Category
Production
Policy Instrument
Production and marketing, contract farming
Description
Approved the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Ordinance, 2020, with a view to providing a national framework for sales agreements between farmers of foodstuffs (including rice), cattle fodder, raw cotton, cottonseed and raw jute and agribusiness firms, processors, wholesalers, exporters or large retailers for farm services, for goods yet to be produced, at mutually agreed remunerative prices. The ordinance was replaced by the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020, promulgated on 27 September 2020, with similar provisions and with effect from 5 June 2020.
