04 OCT,2020 | MEDC
The liberalization of agricultural markets undertaken by the government is timely. Even though protests have erupted at various places, they represent largely the minority. The Farmers’ Produce Trade and Commerce Act, 2020, allows farmers to sell their produce outside the APMC mandis, thus ending their monopolies. Farmers can now sell their produce directly to warehouses, cold storage units, agricultural processing plants, or daily consumers like restaurants and households. With the current mandi system being captured by a well-connected minority within the farming community, this Act will undoubtedly benefit the majority of India’s agricultural community. No one relinquishes power voluntarily, and vested interests in the agricultural sector are naturally uncomfortable with the direction of change. The farm reforms are certainly not perfect, but they constitute a much-needed disruption to the status quo. It is high time the small farmer genuinely believes that he is a stakeholder in India’s growth story.
*Photo Credit: Google