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Contract farming in Odisha
May 25 , 2020
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- The Odisha Government has promulgated an ordinance allowing investors and farmers to enter into agreement for contract farming.
- It refers to a system of farming, in which bulk purchasers including agro-processing/exporting or trading units enter into a contract with farmer(s), to purchase a specified quantity of any agricultural commodity at a pre-agreed price.
- The Contract farming in India is regulated under the Indian Contract Act, 1872.
- The Model APMC (Agricultural Produce Market Committee) Act, 2003 provides specific provisions for contract farming.
- The Ministry of Agriculture came out with a draft Model Contract Farming Act, 2018.
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