“We need to simplify regulation, give incentives and remove hurdles in their way,” said Chand in an interview in New Delhi. For any improvement in farmers’ income, private corporate investments in farming should at least double from the current 2% of total annual investments in agriculture, he said. Indian states currently allow contract farming only for selective crops. The federal government has sought public comments for a model contract farming act unveiled in December. In consultation with states, Chand said his think tank is pushing for a new price support scheme.

Source: Mint January 17, 2018 05:48 UTC