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| Agri-marketing set to go private |
| A scene at the Yeshwantpur APMC Yard in Bangalore in January during the traders' strike against the amendment of the APMC Act.
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| INDIA
, 10-April-2007
2:53:12 AM |
| Even as various farmers' organisations and trade bodies are opposing the amendments to the Agricultural Produce Marketing Committees Act, 1966, the State Government has decided to further reform the sector and allow private participation in agri-marketing in a big way.
After several years of indecision on whether to allow the private sector to get into farm produce marketing, the Government will now come out with legislation for the establishment of private market yards and for direct purchase from farmers. It also proposes reforms in the regulation of the marketing of agricultural produce.
Under the Karnataka Agricultural Produce Marketing (Regulation) Amendment Bill, 2007, introduced in the Legislative Assembly last week and which is likely to come up for discussion in the Assembly on Tuesday, the scope of the original Act of 1966 has been widened to allow the private sector to buy or sell notified agricultural commodities either directly or through agents, not only from the duly formed Agricultural Produce Marketing Committees (APMCs) but from one or more private sectormarket yards or farmer-consumer market yards.
Contract farming
The Bill seeks to allow contract farming, establishment of spot exchange for e-trading and setting up a revolving fund to implement the Floor Price Scheme to protect the interests of farmers against distress sale by assuring a minimum support price.
Ramesh Chandra Lahoti, president, APMC Yard Committee, Yeshwantpur, told The Hindu on Monday that all APMC yards in Bangalore would remain closed on Tuesday in protest against the proposed amendment to the APMC Act.
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