CONTRACT FARMING- AGRICULTURE
Contract farming is an upcoming revolution in the Indian agriculture market. The legal framework for contract farming has been strengthened by the Government of India with requisite amendments in Essential Commodities Act and APMC Act, introduction of new bills such as The Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Bill, 2020 & The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020, introduction of eNAM (electronic national agricultural market) and open passage to alternate & independent trade centres than established local mandis a.k.a. agricultural produce market committees in place, these changes help in creating a set of rules for promotion of contract farming in India and making it a center stage for farming revolution.
We assist clients such as agribusiness firms, traders / merchants, wholesalers, large retailers, food processing units, local mandi markets and farmers in relation to land procurement, due diligence of land rights, land leasing, contract drafting /contract negotiations, future contracts & contracts relating to godowns / cold storage / pre & post harvest infrastructure leasing, formation of entities like Agricultural Companies, Farmer Producer Organisations (FPOs), Agriculture Produce Co-Operative Societies, Food Processing Units, inter alia. Get in touch to avail our contract farming related legal, due diligence and liaison services.