An Empirical Study on Contract Farming in India
Journal Title: PARIPEX-Indian Journal of Research - Year 2016, Vol 5, Issue 7
Abstract
Contract Farming can be understood as a firm lending “inputs” — such as seed, fertilizer, credit or extension — to a farmer in exchange for exclusive purchasing rights over the specified crop. It is a form of vertical integration within agricultural commodity chains so that the firm has greater control over the production process and final product. It is a system of production and supply of agricultural/horticultural produce under forward contracts between producers/ suppliers and buyers. The essence of such an arrangement is the commitment of the producer to provide an agricultural commodity of a certain type, at a time and a price, and in a quantity required by a known and committed buyer. After the opening up of the Indian economy and entry of many domestic and multinational players into agribusiness sector, contract farming has now become a dominant and growing mode of raw material production and procurement through a co-ordination between the processors, marketers and the exporters. The Agricultural Produce Marketing (Regulation) [APMC] Act as circulated by the Central Government to the States in 2003 has a positive impact on development of Contract Farming agriculture model in this region. The socioeconomic consequences of Contract Farming are attracting considerable attention in public policy debates today. This paper is an empirical study on the progress, problems and prospects of Contract Farming in India.
Authors and Affiliations
Harish. N, Dr. Vilas M. Kadrolkar
Keywords
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