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Historic decisions for the #agri sector with the ordinances announced by the Union Govt, creating a progressive path forward for India's farmers, intermediaries & agri-entrepreneurs. My take on the impact in simple terms, from a farmer/ agri-entrepreneur lens...
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Previously, farmers with marketable surplus could only sell to Licensed buyers such as State & private mandis, APMC licenced cold storages/ warehouses/ Companies. But these buyers could sell to anyone! A very skewed market, right!? Farmer lost earning, Trader gained margins!
Previously, farmers with marketable surplus could only sell to Licensed buyers such as State & private mandis, APMC licenced cold storages/ warehouses/ Companies. But these buyers could sell to anyone! A very skewed market, right!? Farmer lost earning, Trader gained margins!
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Further, with the Essential Commodities Act (ECA) Govt had the right to impose price or stock control on commodities or ban exports at any time. This created intense volatility & trust deficit. No entrepreneur small or large wanted to venture into this unpredictable quagmire.
Further, with the Essential Commodities Act (ECA) Govt had the right to impose price or stock control on commodities or ban exports at any time. This created intense volatility & trust deficit. No entrepreneur small or large wanted to venture into this unpredictable quagmire.
