Contract Farming Allowed in 15 Indian States

By By Rediff Money Desk, New Delhi
Feb 07, 2025 17:43
India's Parliament confirms 15 states and UTs have legalized contract farming. Learn about the benefits and regulations of this agricultural model.
New Delhi, Feb 7 (PTI) About 15 states and Union Territories have permitted contract farming in the country, Parliament was informed on Friday.

"Agriculture and Agriculture Marketing is a state subject. 15 States and Union Territories have made enabling provisions for contract farming provisions in their APMC (Agricultural Produce Market Committee) Acts," Union Minister of State for Agriculture Ramnath Thakur said in a written reply to the Rajya Sabha.

Contract farming provides for an institutional arrangement for registration of sponsoring companies, recording of contract farming agreements and indemnity to farmers' land, he said.

Any disputes arising out of contract are resolved as per the arbitration and dispute resolution mechanism specified therein, he added.
Source: PTI
Read More On:
contract farmingagricultureindiastatesapmc
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

DRI Seizes Red Sanders Worth Rs 6.26 Cr, 4...

DRI seizes 15 MT of red sanders worth Rs 6.26 crore in Delhi, arrests 4. Illegal export...

UAE Fund to Invest ₹1,000 Cr in Kerala Startups

UAE-based Feeder Fund to invest ₹1,000 crore in Kerala startups over 3 years. Boost...

ECL Aims for 58 MT Output, Mine Closures Planned

Eastern Coalfields Ltd (ECL) targets 58 MT output, plans closure of six underground...

India: Export Potential in Russia

300 Indian products have huge export potential in Russia. Engineering, pharma, agri,...

Gold & Silver Rally: Inflation Data in Focus

Gold and silver prices rally amid inflation data focus. Analysts eye central bank...

India Ranks 3rd in Global AI Vibrancy Index

India ranks 3rd in Stanford University's Global AI Vibrancy tool, surpassing advanced...

EPFOA Urges CPFC: Equip Offices for Compliance

EPFOA urges CPFC to equip field offices with authority & tools to handle default &...

TV Prices to Rise in January: Chip Shortage &...

TV prices are expected to increase in January due to memory chip shortages and a...

India Gems & Jewellery Exports Up 20% in November

India's gems and jewellery exports grew 20% to USD 2.5 billion in November, says GJEPC....

Navi Mumbai Airport: 3rd Runway Feasibility Study

CIDCO invites bids for a consultant to study the feasibility of a third runway at Navi...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com