Wednesday 20 June 2007

Marketting will be cheaper...

The government of India issued a resolution on June 6th, allowing farmers the freedom to sell their produce directly to the private markets.

Farmers can now sell directly to the private markets. Until now, the farmers were only allowed to sell their produce to agricultural Produce Marketing Committee. That means that we will be able to buy fresh vegetables and fruits at lower price because farmers don’t have to pay any extra commission to any agents or middle men.

This new law will welcome healthy competition and customers will get fresh fruits and vegetables at cheaper price. Also farmer will be able to earn more money.

Agricultural marketing minister, Harshavardhan Patil, said that several retail giants like Reliance Fresh, ITC, Aditya Birla group, Pantaloons, and Premium Farm Fresh have set up proposals to set up private markets. He said that the state was expecting an investment of Rs3000 crore by private players. Patil said that government will also allow contract farming.

Under contract farming, the business man can enter into transaction with any farmer for produce of any crop and may even invest money for better produce.

Under this law everybody, the farmer, the customer, the government and the businessman, all will benefit.

Source: Hindustan times.

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