The proposed model law on contract farming, which Finance Minister Arun Jaitley announced in his Budget speech on Wednesday, could encompass all the agricultural commodities and not restrict itself to only one or two commodities.
According to a senior official, the proposed legislation, which along with the improved model Agricultural Produce Market Committees (APMC) Act and the model land leasing Act, will form part of the Centre’s integrated approach to re-energise farming activity in rural areas and also double farmers income.
“A model law on contract farming would, therefore, be prepared and circulated among the states for adoption,”
According to a senior official, the proposed legislation, which along with the improved model Agricultural Produce Market Committees (APMC) Act and the model land leasing Act, will form part of the Centre’s integrated approach to re-energise farming activity in rural areas and also double farmers income.
“A model law on contract farming would, therefore, be prepared and circulated among the states for adoption,”