This paper is published in Volume-7, Issue-2, 2021
Area
Agricultural Act
Author
Dinkar Takale
Org/Univ
Lalbahadur Shastri Senior College, Partur, Maharashtra, India
Pub. Date
31 March, 2021
Paper ID
V7I2-1278
Publisher
Keywords
Contract Farming, Essential Commodities, Minimum Support Price, Agricultural Price Policy, Agricultural Market Committee

Citationsacebook

IEEE
Dinkar Takale. Indian new agricultural acts -2020 and minimum support prices (MSP) of agricultural commodities, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Dinkar Takale (2021). Indian new agricultural acts -2020 and minimum support prices (MSP) of agricultural commodities. International Journal of Advance Research, Ideas and Innovations in Technology, 7(2) www.IJARIIT.com.

MLA
Dinkar Takale. "Indian new agricultural acts -2020 and minimum support prices (MSP) of agricultural commodities." International Journal of Advance Research, Ideas and Innovations in Technology 7.2 (2021). www.IJARIIT.com.

Abstract

In September 2020, the Government of India passed three new agricultural laws to promote agricultural development by making changes between agricultural production and agricultural marketing. The present paper attempts to study the impact of new agricultural acts on the agricultural production and marketing system. The research is aimed at understanding the nature of agricultural acts, analyzing the minimum support price under agricultural acts, and the opposition of farmers' organizations to the acts. The research presented is based on the second source of data. Research has shown that the main opposition of farmers to this law is in terms of minimum support prices of agricultural commodities. Profit attitude will increase after private companies enter agricultural marketing. Companies will gain control of the agricultural market in order to make a profit through a monopoly. Farmers fear that this action will hurt them. Research recommends that the new agricultural law provides for a minimum support price. The laws should include a provision for the government to intervene if any irregularities are found in agricultural marketing.
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