Business Today

MODEL FARMING LAW

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FIFTEEN YEARS after the Model Contract Farming Act, the government has again formulated a model law for the states. The State/UT Agricultur­al Produce and Livestock Contract Farming and Services (Promotion and Facilitati­on) Act, 2018, is far more comprehens­ive than the earlier one. Version 1 failed to take off in most states; Version 2, however, covers the entire farming universe, including contract farming and services contracts across the value chain. The bureaucrat­ic mandi system, a key reason why the earlier version failed, has been bypassed entirely. The new law will allow big retailers to work directly with farmers and help create a sustainabl­e ecosystem. It should bring far more predictabi­lity to the supply chain and in the process, a steady and predictabl­e income to the farmer.

 ??  ?? - Joe C. Mathew
- Joe C. Mathew

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