Contract Farming System
- On 22nd May, 2020, the Odisha Government promulgated an ordinance allowing investors and farmers to enter into agreement for contract farming, in view of the continuing uncertainties due to the pandemic.It is aimed at facilitating both farmers and sponsors to develop mutually beneficial and efficient contract farming system.
Key Highlights
- The agreement will be entered into between the contract farming sponsor (who offers to participate in any component) or entire value chain including pre production, and the contract farming producer (farmers who agree to produce the crop or rear the livestock).
- The loans and advances given by the sponsor to the ....
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