The Farmers` Agreement on Price Assurance and Farm Services Bill 2020

The Farmers` Agreement on Price Assurance and Farm Services Bill, 2020, also known as the Farm Bill, was passed in the Indian Parliament on September 20, 2020. It is a historic legislation aimed at empowering farmers by allowing them to sell their produce outside of the Agricultural Produce Market Committees (APMCs) and enter into contracts with buyers.

The Farm Bill is comprised of three major components: The Farmers` Produce Trade and Commerce (Promotion and Facilitation) Act, the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, and the Essential Commodities (Amendment) Act. The main focus of this article will be the Farmers` Agreement on Price Assurance and Farm Services Act.

This act allows farmers to enter into agreements with buyers, processors, wholesalers, exporters, and retailers for the sale and purchase of agri-produce. These agreements can be for a period of one crop season or up to five years. The farmer will have the opportunity to decide the price of their produce based on the market price, and both parties will have a legal binding agreement.

The bill also provides for dispute resolution mechanisms, including the establishment of Conciliation Boards, and the appointment of Appellate Authorities to minimize any disputes that arise between buyers and farmers.

This act also ensures that the farmer`s land is not mortgaged or sold off, and they will have the freedom to sell their produce to whomever they want. Additionally, it ensures that the farmer is paid within three days of delivering the produce. The bill also provides for the creation of an Agricultural Services Act to incentivize agri-entrepreneurs and start-ups to develop new technologies to help farmers increase their yield.

The Farmers` Agreement on Price Assurance and Farm Services Bill is a significant step towards reforming India`s agricultural sector. It will provide farmers with greater flexibility and choice in selling their produce and ensure a better price for their hard work. It will also encourage agri-entrepreneurs and start-ups to invest in the sector and create new opportunities for farmers.

In conclusion, the Farmers` Agreement on Price Assurance and Farm Services Bill 2020 is a positive step towards the modernization of India`s agricultural sector. It will ensure that farmers have greater access to markets and can secure a fair price for their produce. This legislation will help farmers become more competitive, gain better income, and improve their livelihoods.