Act Number: 20

Act Name: The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020.

Year: 2020

Enactment Date: 2020-09-24

Long Title: An Act to provide for a national framework on farming agreements that protects and empowers farmers to engage with agri-business firms, processors, wholesalers, exporters or large retailers for farm services and sale of future farming produce at a mutually agreed remunerative price framework in a fair and transparent manner and for matters connected therewith or incidental thereto.

Ministry: Ministry of Agriculture and Farmers Welfare

Department: Department of Agriculture, Cooperation and Farmers Welfare

Section 5: Pricing of farming produce.
    The price to be paid for the purchase of a farming produce may be determined and mentioned in the farming agreement itself, and in case, such price is subject to variation, then, such agreement shall explicitly provide for--
         (a) a guaranteed price to be paid for such produce;
         (b) a clear price reference for any additional amount over and above the guaranteed price, including bonus or premium, to ensure best value to the farmer and such price reference may be linked to the prevailing prices in specified APMC yard or electronic trading and transaction platform or any other suitable benchmark prices:
     Provided that the method of determining such price or guaranteed price or additional amount shall be annexed to the farming agreement.
    
Previous Section Next Section
Scroll to Top