India s Contract Farming Act A Critical Assessment

Nair Sthanu R (), Jayanth Reddy Sai Shiva () and Prasad M Deva ()
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Nair Sthanu R: Indian Institute of Management Kozhikode
Jayanth Reddy Sai Shiva: Indian Institute of Management Kozhikode
Prasad M Deva: Indian Institute of Management Kozhikode

No 490, Working papers from Indian Institute of Management Kozhikode

Abstract: The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020 is an important legislative landmark in the context of Indian agricultural policy. The major concerns relating to the adoption of the contract farming system in the Indian context are proposed to be resolved through the enabling legislative measures proposed in the Act. This article critically examines the various provisions contained in the Act to assess its potential in mitigating the key concerns of adopting the CF practice in India. The analysis involving stakeholder consultation reveals that, despite certain shortcomings, the Act fills the existing legal-gap in regulating contract farming system and provides a practical legislative framework for adopting contract farming system in India by balancing the interests of the two key stakeholders farmers and firms - involved in the system. The scope and relevance of the Act could be improved further by addressing the concerns and suggestions emanating from the stakeholder consultation.

Keywords: Agri-business; Contract farming; Regulatory Legislation; Act on Contract Farming; Model Contract Farming Act; India (search for similar items in EconPapers)
Pages: 3 pages
Date: 2022-03
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