 New Farm Acts and Emerging Market Forms: Implications for FarmersSucha Singh Gill Millennial Asia, 2021, vol. 12, issue 3, 316-331 Abstract: This article examines the implications of new farm laws enacted by the Government of India in 2020 (now repealed) on farming and farmers. There are divergent opinions of experts and of the Government of India and the farmers’ unions on the expected benefits/losses to farmers. This article seeks guidance from economic theory on determination of prices of inputs and outputs under different market forms. The farm laws raise concerns about their potential to alter the organizational forms of production, marketing and storage of agricultural produce involving big private corporate agencies leading to changes in the market forms for determining prices and output level. These issues need to be examined in the context of emerging monopsony/oligopsony market forms, agricultural produce markets and final consumer level food markets. The discussion is supplemented by empirical evidence from the United States on the impact of similar laws in the 1980s on small farmers, together with limited evidence on the abolition of APMC market regulation in Bihar in 2006, so as to draw some lessons for reforms and their implications of future of farming and farmers in India. Keywords: New farm laws; APMC markets; MSP; monopsony; oligopsony; private corporate agencies; US agriculture (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:millen:v:12:y:2021:i:3:p:316-331 DOI: 10.1177/09763996211030884 Access Statistics for this article More articles in Millennial Asia |
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