Farm Sector Laws and their Implications for Punjab Agriculture

Three farm sector bills were passed by the Parliament of India in September, 2020 and turned into laws. These laws are named as
1. The Farmers’ Produce Trade and Commerce (Promotion
and Facilitation) Act, 2020.
2. Farmers (Empowerment & Protection) Agreement of
Price Assurance and farm Services Act, 2020.
3. Essential Commodities (Amendment) Act, 2020.

The first law aims at creating an ecosystem for providing freedom to farmers and traders to trade with free choice. The second law aims at empowering the farmers to engage with the agri-business firms and other important players of agricultural value chains by providing a national framework for mutual agreements. The third law removes the basic food items from the list of essential commodities in order to reduce excessive regulatory restrictions on private business operations in agriculture.