In India, Agriculture is the most important sector for Indian Economy. India’s tilth land area is the second-largest in the world after the United States measuring about 159.7 million hectares. And still, farmers are poor? Most farmers in a developing country like India are small share-holders, they buy seeds, fertilizers and pesticides at retail price and sell their products at wholesale price.
The newly passed farm bills will create an ecosystem where the farmers and traders will enjoy the freedom of choice of sale of their products and they don’t have to bargain for their product to get a better price or to invest in the technology to improve the productivity for their farm. The government said these amends will facilitate growth in the supply chains for farms produce in both national and global markets through the private sector. But why farmers are protesting? Given a choice to sell their products without the help of middlemen (APMC) will be profitable only if adequate roads are available that connects the villages and markets, electric supply is staunch and various food processing companies compete to buy their produce.
The Three Farm Bills:
1. Bill on agri market
Farmer’s Produce Trade and Commerce(Promotion and Facilitation) Bill, 2020
– To create an ecosystem where the farmers and traders can enjoy the freedom of sale.
2. Bill on contract farming
The Farmer (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020
– To enable modern tech to farmers in order of their better produce.
3. Bill relating to commodities
The Essential Commodities (Amendment) Bill, 2020
– To bring price stability for the consumers and farmers.