The Farmers (Empowerment And Protection) Agreement Of Price Assurance And Farm Services Bill 2020


    On 5 June 2020, the central government adopted three regulations: (i) the Agricultural Trade and Trade (Promotion and Facilitation) Regulations 2020, (ii) the Farmers` Agricultural Price Guarantee and Services Agreement (Empowerment and Protection) 2020 and (iii) the Essential Raw Materials (Amendment) Regulations 2020 [7]. [8] The regulations jointly aim to: (i) facilitate the accessibility of trade in agricultural products outside the markets notified under the various laws of the CMPA, (ii) establish a framework for contract farming and (iii) limit stocks of agricultural products only when retail prices rise sharply. The three regulations together aim to increase opportunities for farmers to enter into long-term sales contracts, increase the availability of buyers and allow buyers to purchase agricultural products in large quantities. If the delivery of agricultural products is to be taken over by the promoter within the framework of the agricultural contract, he shall receive such delivery within the agreed period. . . .