{"id":10067,"date":"2020-06-16T20:08:00","date_gmt":"2020-06-16T14:38:00","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=10067"},"modified":"2020-06-16T18:30:30","modified_gmt":"2020-06-16T13:00:30","slug":"contract-farming-set-to-increase-farmers-income-in-india","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/","title":{"rendered":"Contract Farming Set to Increase Farmers Income in India"},"content":{"rendered":"\n<p>The government takes steps to provide access to the latest <a href=\"https:\/\/www.grainmart.in\/news\/technology-required-in-agriculture-sector-of-india\/\">technology <\/a>and price stability to farmers. Contract farming set to increase farmers\u2019 income as government and private players gets involved in India.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Contract Farming and Other Ordinances<\/h4>\n\n\n\n<p>The recent ordinances and amendment to the ECA approved by the Union Cabinet will help <a href=\"https:\/\/www.grainmart.in\/news\/impossible-to-double-farmers-income-in-2-years-specially-after-budget-2020\/\">increase farmers\u2019 income<\/a>, specifically of small and marginal ones. Also, the new laws will encourage better farm practices. Major agri-processing companies like ITC Limited, Mahindra Agri Solution, DCM, Shriram, and German wholesale retailer, Metro Cash and Carry expect supply chain efficiency from the government\u2019s decision.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Experts Opinion <\/h4>\n\n\n\n<p>S Sivakumar, ITC Limited said that the legal framework would align the crop varieties and management practices with the market. Also, Sukhpal Singh, chairperson, Centre for Management in Agriculture, IIM-A said that pre-agreed prices will reduce the marketing risk for <a href=\"https:\/\/www.grainmart.in\/news\/farmers-distress-across-india-due-to-lockdown\/\">farmers<\/a>. Experts say that long term contracts will justify the enormous investments made by companies on technology and farms. The move will enable wholesalers to directly contact thousands of farmers and have better control over the quality of the produce.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">States Promote Contract Farming<\/h4>\n\n\n\n<p>The Odisha government promulgated an ordinance to develop a mutually beneficial and efficient contract farming system. The sponsor, who offers to participate in the value chain, including preproduction, and the farmer will enter into a contract. Also, the government cleared that recovery of loan must take place only from the sales proceeds of the <a href=\"https:\/\/www.grainmart.in\/news\/india-records-increase-in-crop-production-due-to-favourable-weather-conditions\/\">farm produce<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Center Studies Tamil Nadu\u2019s Law on Contract Farming<\/h4>\n\n\n\n<p>The Centre sees the state\u2019s law as an improvement over the bill prepared by the <a href=\"http:\/\/agriculture.gov.in\/\">Union Ministry of Agriculture and Farmers\u2019 Welfare<\/a> in May 2018. The state\u2019s law contains more provisions to safeguard the interests of farmers than the latter. Tamil Nadu\u2019s legislation calls for three non-official members in the dispute settlement committee as against none in the Centre\u2019s law. Also, it allows the excessive quantity produced to be purchased by sponsors at a mutually agreed rate. Moreover, FPOs or companies can also enter into contracts with farmers in Tamil Nadu contract farming legislation.<\/p>\n\n\n\n<p>In all, the contract farming will extend the benefits of scales of the economy to small and marginal farmers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government provides stability to farmers. Contract farming set to increase farmers\u2019 income as government and private players get involved in India.<\/p>\n","protected":false},"author":13,"featured_media":10543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[19404,4699,10997,3613,202,2625,19978,19982,10460,5404,19981,19977,19979,19980,7305,2163,7771,19405,18002],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Contract Farming Set to Increase Farmers Income in India - Grainmart News<\/title>\n<meta name=\"description\" content=\"The government provides stability to farmers. Contract farming set to increase farmers\u2019 income as government and private players get involved in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Contract Farming Set to Increase Farmers Income in India - Grainmart News\" \/>\n<meta property=\"og:description\" content=\"The government provides stability to farmers. Contract farming set to increase farmers\u2019 income as government and private players get involved in India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Grainmart News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/grainmart.in\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-16T14:38:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/06\/farmland-1390492087ucl.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gurneel Kaur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:site\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gurneel Kaur\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/\"},\"author\":{\"name\":\"Gurneel Kaur\",\"@id\":\"https:\/\/www.grainmart.in\/news\/#\/schema\/person\/2207bccbf6af27486201b6b7db8c3b53\"},\"headline\":\"Contract Farming Set to Increase Farmers Income in India\",\"datePublished\":\"2020-06-16T14:38:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/\"},\"wordCount\":375,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/06\/farmland-1390492087ucl.jpg\",\"keywords\":[\"agri-processing companies\",\"contract farming\",\"ECA\",\"economy\",\"farmers\",\"farmers income\",\"farms\",\"FPO\",\"marketing\",\"odisha\",\"odisha government\",\"price stability\",\"quality produce\",\"recovery loan\",\"small and marginal farmers\",\"tamil nadu\",\"technology\",\"Union Ministry of Agriculture and Farmers\u2019 Welfare\",\"value chain\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/\",\"url\":\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/\",\"name\":\"Contract Farming Set to Increase Farmers Income in India - Grainmart News\",\"isPartOf\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/contract-farming-set-to-increase-farmers-income-in-india\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/06\/farmland-1390492087ucl.jpg\",\"datePublished\":\"2020-06-16T14:38:00+00:00\",\"description\":\"The government provides stability to farmers. 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