Reliance Retail Limited has given a big relief by purchasing 1000 quintal gold Mansuri paddy from farmers of Sindhanur taluk in Raichur district of Karnataka. This is the first time such a deal has happened between a large corporate company and farmers after the amendment to the APMC Act in Karnataka. According to the news of Times of India, the company has offered a price of Rs 1950 for gold mansoori paddy, which is Rs 82 more than the government fixed MSP rate (Rs 1868).
As per the agreement between SFPC and the farmers, Health Farmers Producing Company (SFPC) will get a commission of 1.5 per cent for every Rs 100 transaction. Farmers will have to bear the cost of transport to the warehouse at Sindhnore along with the sacks to pack the crop.
However, not everyone is happy with this deal. Chamarasa Malipatil, president of the Karnataka State Ratha Association, said that corporate companies would first lure farmers by offering them a higher price than MSP. This will result in loss of APMC mandis. Then later the oppression of farmers will begin. We should be cautious with this type of trick.
Let us know that the registered agents of Reliance had signed an agreement with Health Farmers Producing Company (SFPC) a fortnight ago. Previously, only the oil trading company has now started buying and selling paddy. About 1100 paddy farmers are registered with it. According to Reliance Retail’s contract, the crop should have less than 16 percent moisture.