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Title: Centre unveils model contract farming law
Source:The Economic Times
Date:22 May 2018

To ensure better price to farmers, the Centre on 22 May 2018 unveiled a model law on contract farming and services not only in agriculture crops but also in livestock, dairy and poultry products. The draft Agricultural Produce and Livestock Contract Farming and Services (promotion and facilitation) Act 2018 seeks to keep the contract farming/services contracts outside the ambit of respective Agricultural Produce Marketing Committee (APMC) Act of the states, which will help buyers save 5-10 per cent on their transaction cost.

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