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India s Contract Farming Act A Critical Assessment

Author

Listed:
  • Sthanu R Nair

    (Indian Institute of Management Kozhikode)

  • Reddy Sai Shiva Jayanth

    (Indian Institute of Management Kozhikode)

  • Deva Prasad M

    (Indian Institute of Management Kozhikode)

Abstract

The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020 is an important legislative landmark in the context of Indian agricultural policy. The major concerns relating to the adoption of the contract farming system in the Indian context are proposed to be resolved through the enabling legislative measures proposed in the Act. This article critically examines the various provisions contained in the Act to assess its potential in mitigating the key concerns of adopting the CF practice in India. The analysis involving stakeholder consultation reveals that, despite certain shortcomings, the Act fills the existing legal-gap in regulating contract farming system and provides a practical legislative framework for adopting contract farming system in India by balancing the interests of the two key stakeholders farmers and firms - involved in the system. The scope and relevance of the Act could be improved further by addressing the concerns and suggestions emanating from the stakeholder consultation.

Suggested Citation

  • Sthanu R Nair & Reddy Sai Shiva Jayanth & Deva Prasad M, 2022. "India s Contract Farming Act A Critical Assessment," Working papers 490, Indian Institute of Management Kozhikode.
    • Handle: RePEc:iik:wpaper:490
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