3 min read.Updated: 08 Oct 2020, 08:18 PM ISTHimanshu
There needs to be a simultaneous rise in procurement if such price assurances are to be of any use
Farmer agitations against the three farm bills passed by Parliament continue in different parts of the country. Their concern is largely that the proposed Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 (FPTC) will make the Agricultural Produce Marketing Committee (APMC) mandis irrelevant. These concerns are valid, given the experience of states that have diluted or abolished APMC mandis. But a related concern, at least among farmers in Punjab, Haryana and Uttar Pradesh, is also the fear that the new law will reduce the scope of minimum support price (MSP)-led operations. Although not shared by farmers in many other states, it has led to demands by major political parties for the government to guarantee MSP procurements.
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