Overview on Farm Acts, 2020
| Act Name | Overview |
|---|---|
| Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act | This act aims to provide farmers with the freedom to sell their produce outside the Agricultural Produce Market Committee (APMC) mandis and engage in direct marketing. It allows farmers to sell their produce to anyone, anywhere, and at any price. It promotes barrier-free inter-state and intra-state trade of agricultural produce. |
| Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act | This act facilitates contract farming arrangements between farmers and buyers, enabling farmers to enter into agreements with agribusiness firms, processors, wholesalers, exporters, or large retailers. It provides a framework for mutually agreed terms for the supply of farm produce and services. It aims to protect farmers’ interests and ensure fair prices for their produce. |
| Essential Commodities (Amendment) Act | This act amends the Essential Commodities Act, 1955, and removes certain agricultural commodities such as cereals, pulses, oilseeds, edible oils, onions, and potatoes from the list of essential commodities. It deregulates the production, storage, movement, and distribution of these commodities, except under extraordinary circumstances such as war, famine, natural calamities, or extraordinary price rise. |
Farm Acts, 2020
Farm Acts, 2020: The Indian Parliament proposed three demonstrations in September 2020 that were referred to as the Indian Agribusiness Demonstrations of 2020, or the Homestead Bills. On September 27, 2020, Indian President Slam Nath Kovind conceded his endorsement. It would have permitted ranchers to sell straightforwardly to food processors by liberating an arrangement of government-run discount markets.
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Farm Acts, 2020