Govt says private companies established 38 farm markets in last 3 years

Private companies have actually developed 38 farm markets in 4 states with an overall investment of over Rs 300 crore in the last 3 years, Agriculture Minister Narendra Singh Tomar said in the Lok Sabha on Tuesday and included that the new farm laws focus on increasing financial investment in agri-infrastructure.

Based on the 2006 National Commission on Farmers’ Report, the minister said there should be one market to serve 80 square kilometre (sq km), whereas presently one regulated market serves 473 sq km.

In order to realize a higher number of markets in the nation and to cause competitiveness and efficiency in the marketing community, there is a felt need for investment in farm marketing.”Farm laws aim at promoting farming marketing infrastructure and supply chains for effectively linking farm gates to markets for the benefit of farmers by encouraging financial investments,” Tomar stated in his written reply to the Lower House.As per the details available from state federal governments, a total variety of 38 personal farming markets have actually been developed throughout the last three years consisting of present year including total financial investment of Rs 301.19 crore, he said.Out of which, 18 markets have been developed in Maharashtra with a financial investment of Rs 88.62 crore, six markets in Gujarat at Rs 151.6 crore and 12 markets in Rajasthan at Rs 49.75 crore and 2 markets in Karnataka at Rs 11.22 crore, he added.Tomar responded in affirmative when asked if brand-new farm laws will have big scope for private sector investment in agri-markets and improve performance of such markets in the country.The 3 laws– The Farmers’ Produce Trade and Commerce (Promo and Assistance) Act, The Farmers (Empowerment and Security) Agreement on Rate Guarantee and Farm Solutions Act and The Essential Products (Change) Act– are planned to enhance the effectiveness of agri-markets in the country.The minister stated that these farm Acts help with direct buying from farmers in trade areas by traders, processors, exporters, Farmer Producer Organizations (FPOs) and agri co-operative societies so regarding facilitate farmers with much better rate realization to improve their earnings, he said.Further, the minister stated the farm laws will “speed up more financial investment in marketing and worth addition facilities including that in storage facilities near to farm gate developing more job opportunity for rural youth.”Farm laws provide additional marketing chances to farmers for offering their fruit and vegetables outside the APMC (agriculture produce marketing committee) market backyards such as at farm-gates, cold storages, warehouse, silos, etc. to help farmers get advantageous costs due to additional competition, he added.Tomar stated the brand-new farm laws provide enough secure mechanisms to protect the interest of farmers consisting of that of small and minimal farmers.”Simple, accessible, quick and expense reliable dispute resolution system is prescribed at local Sub-divisional level and hindering chastening arrangements have been provided against traders to prevent and curb any violation of the Act by them,” he noted.It may be kept in mind that farmers from Punjab, Haryana and parts of Uttar Pradesh are opposing for more than 100 days at Delhi borders seeking repeal of new farm laws. The stalemate continues as numerous rounds of talks in between the government and opposing farmers’ unions have actually failed to yield any outcome.

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