A farmer who is offered seeds by a company with a promise to buy back the harvest at a higher rate is a "consumer", according to Consumer Protection Act
The Centre is exploring a mechanism to assist states in depositing the losses suffered by farmers into their bank accounts, instead of purchasing their produce.The move would give some relief to the states, which were finding it difficult to dispose tonnes of onions, pulses and other commodities purchased from growers during a price crash. This, officials said, would also eliminate the problem of storing and transportation of purchased commodities and minimise the possibility of manipulation of the terms and conditions of purchase and sale."If the states can develop a mechanism through which the farmers can be directly compensated for the loss suffered in producing any commodity, we (the Centre) are ready to help till the time a robust system of storage and disposal is developed, in the next few years," a senior official said.Purchasing directly from farmers would be easier than ensuring all farmers suffering losses get compensated individually. However, experts have pointed out ...
They are waiting for actual monsoon onset after slump in prices of produce
---Drop the pointer table sent with this----An increasing number of farmers in the country are using the commodity futures market, with help from both non-government bodies and some major corporate groups.According to the National Commodity and Derivatives Exchange (NCDEX), at least 30,000 growers are actively hedging for their produce through farmer producer organisations (FPOs). Reliance Foundation, philanthropy arm of Reliance Industries, has formed 16 FPOs in 13 states. One of these, with 2,200 farmers, has been active on NCDEX over the past year. The foundation has also educated some of its FPOs on value addition in pulses. "We started it as part of a rural transformation programme, planned for 26 clusters across India, to increase the production and income of farmers," said Nitin Sharma of Reliance Foundation. On use of the NCDEX by one FPO, he said, farmers there had seen a 10-15 per cent rise in income. "We will extend it to other FPOs," he added.Jeevika Women Agri Producer ...
Devidas Parbhane said with onion prices touching new lows, farmers like me may be meeting the same fate as other farmers who committed suicide