The three bills that were passed by the Lok Sabha are the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill and Essential Commodities (Amendment) Bill
According to the government, the bills would transform the agriculture sector which will raise the farmers’ income. It also promises doubling farmers’ income by 2022 and the Centre said that the Bills will make the farmer independent of government controlled markets and fetch them a better price for their produce.
Moreover, the government said that these Bills aims to create a system in which the farmers and traders can sell their purchase outside the Mandis. It also encourages intra-state trade and this proposes to reduce the cost of transportation.
The farm bill 2020 aims to enable farmers to engage with agri-business companies, retailers, exporters for service and sale of produce while giving the farmer access to modern technology.
It also aims to benefits the small and marginal farmers with less than five hectares of land. The Bill also will remove items such as cereals and pulses form the list of essential commodities and attract FDI.