{"id":11322,"date":"2019-11-01T17:22:15","date_gmt":"2019-11-01T11:52:15","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11322"},"modified":"2019-11-01T17:22:15","modified_gmt":"2019-11-01T11:52:15","slug":"tamil-nadu-becomes-first-state-to-enact-law-on-contract-farming","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/tamil-nadu-becomes-first-state-to-enact-law-on-contract-farming\/","title":{"rendered":"Tamil Nadu becomes first State to enact law on contract farming"},"content":{"rendered":"\n<p><strong>News:<\/strong>Tamil Nadu has become the first State in the country to enact a law on contract farming with President giving assent to the Agricultural Produce and Livestock Contract Farming and Services (Promotion and Facilitation) Act.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Features of the act:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The act provides for a six-member body called the Tamil Nadu State Contract Farming and Services Authority.<\/li><li>The authority would ensure proper implementation of the Act and make suggestions to the State government for promotion and better performance of contract farming.<\/li><li>The act safeguards the interests of farmers during times of bumper crop or when market prices fluctuate.The farmers would also be paid a predetermined price which had been arrived at the time of signing agreements with buyers.<\/li><li>The farmers could get support from purchasers for improving productivity by way of inputs, feed and fodder and technology.\u00a0<\/li><li>However,any produce banned by the Centre or State government or the Indian Council of Agricultural Research would not be covered under contract farming.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/PCpJ_2JjpzJIy3es7s-Y7cLB8SuC9yPj9NH5HDZLe4BX742IUqAvCOaOIZD7_cm21YP_aCEhX8wdGhrtVvJsJJX0loKi2bdtU6H61SKkpsFDNMQt9CZu1bLp8WDPZvyrS9wOyPse\" alt=\"\" \/><figcaption><br><\/figcaption><\/figure>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Contract Farming:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Contract farming refers to varied formal and informal agreements between producers and processors or buyers.&nbsp;<\/li><li>It may include loose buying arrangements, simple purchase agreements and supervised production with input provision with tied loans and risk coverage.<\/li><li>Contract farming usually involves the following basic elements &#8211; pre-agreed price, quality, quantity or acreage (minimum\/maximum) and time.<\/li><\/ul>\n\n\n\n<p><strong>Advantages of Contract Farming:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The farmers get high remunerative price for their farm products.<\/li><li>It promotes best agri practices from different parts of the world.<\/li><li>It will free farmers from middlemen and money lenders.<\/li><li>Farmers income security through guaranteed price and access to quality inputs.<\/li><li>Encourages new generation to take farming as new business ventures instead of migrating to cities in search of jobs.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:Tamil Nadu has become the first State in the country to enact a law on contract farming with President giving assent to the Agricultural Produce and Livestock Contract Farming and Services (Promotion and Facilitation) Act. Facts: Features of the act: The act provides for a six-member body called the Tamil Nadu State Contract Farming and&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/tamil-nadu-becomes-first-state-to-enact-law-on-contract-farming\/\">Continue reading <span class=\"screen-reader-text\">Tamil Nadu becomes first State to enact law on contract farming<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3906,3907],"class_list":["post-11322","post","type-post","status-publish","format-standard","hentry","category-economy","tag-contract-farming","tag-tamilnadu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1703527169},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/11322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=11322"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/11322\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=11322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=11322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=11322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}