Steps for Regulating the Working of Contract Farming

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..... Steps for Regulating the Working of Contract Farming
News and Press Release
Dated:- 4-12-2012

Press Information Bureau Government of India Ministry of Agriculture 04-December-2012 16:28 IST The Consolidated Foreign Direct Investment (FDI) Policy, 2012 provides FDI in agriculture and animal husbandry, with certain conditions, in (a) floriculture, horticulture, apiculture and cult .....

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..... ivation of vegetables and mushrooms under controlled conditions, (b) development and production of Seeds and planting material, (c) animal husbandry (including breeding of dogs), Pisciculture, Aquaculture, under controlled conditions, and (d) services related to agro and allied sectors. Besides these, FDI is not allowed in any other agricultural sector/activity. In order to regulate the workin .....

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..... g of contract farming, the Ministry of Agriculture has framed Model State Agricultural Produce Marketing (Development and Regulation) Act, 2003 and Model State Agricultural Produce Marketing (Development and Regulation) Rules, 2007 for adoption by States / Union Territories. The Model Act, inter-alia, provides provisions for the registration of contract farming sponsors, recoding of contract farm .....

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..... ing agreements with the Agricultural Produce Marketing Committee (APMC) or a prescribed authority under the Act and dispute settlement mechanism. It also provides for protection of title or rights of the farmers over the land under such contracts. These are intended to protect the interest of farmer. Since Agriculture Marketing is State subject, the State Governments are persuaded to adopt the pro .....

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..... visions of Model Act in the interest of farmers. This information was given by Shri Tariq Anwar, Minister of State for Agriculture and Food Processing Industries in written reply to a question in the Lok Sabha today. MP: DS: CP: fdi (4.12.2012)
News - Press release - PIB .....

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