Proposed Contract Farming Act in India: Possible Risks, Challenges and the Way Forward By: Vijay Sardana International Agribusiness and Trade Laws Expert Production and marketing contracts cover a growing share of agricultural production in many countries. These formal written contracts are increasingly used in place of spot markets, where commodities are bought and sold for immediate delivery, to set prices for agricultural commodities and market them, as well as to govern product quality, quantity, and production techniques. It is important to note that the expansion of contracting is closely tied to other developments in agriculture, such as: · increasing farm size, · greater demand for customized products, and · tighter product monitoring from production through marketing. Contracts can provide farmers with important benefits, such as: · reduced income risks, · easier access to credit, or · higher p...