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'The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020'

'The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020'

The Union Cabinet under the chairmanship of Prime Minister, Shri Narendra Modi has given approval to the ‘The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020’.

Key Points:

  • The ordinance will allow the farmers to engage with wholesalers, large retailers, processors, exporters and aggregators on an equal footing without the fear of exploitation.
  • The Indian Agriculture is weather dependent, has uncertainties in production and market unpredictability and is the smallholding sizes result in its characterization as fragmented, which makes agriculture risky and inefficient in terms of input and output management.
  • The risk of market unpredictability will be transferred from the farmer to the sponsor and will also facilitate the farmer to access better inputs and modern technology.
  • The ordinance will also decrease marketing costs and enhance farmers income.
  • The ordinance provides adequate protection to the farmers and also prohibits the sale, lease or mortgage of farmers land and protects the farmers land against any recovery.
  • The law that has been introduced also provides an effective dispute resolution mechanism with clear timelines for the redressal of issues.
  • The ordinance will provide an impetus for attracting investments from the private sector for building supply chains for the supply of Indian farm produce in the International markets.

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