Key Benefits of Contract Farming
The key benefits of contract farming for farmers can be summarized as: 1) improved access to local markets; 2)assured markets and prices (lower risks) especially for non-traditional crops; 3) assured and often higher returns; and 4) enhanced farmer access to production inputs, mechanization and transport services, and extension advice
Additional key benefits for contract partners and rural development often include: 1) assured quality and timeliness in delivery of farmers’ products; 2) improved local infrastructure, such as roads and irrigation facilities in sugar outgrower areas, tea roads, dairy coolers/collection centres, etc. and 3) lower transport costs, as coordinated and larger loads are planned, an especially important feature in the case of more dispersed producers.
Read more about this topic: Contract Farming
Famous quotes containing the words key, benefits, contract and/or farming:
“Power, in Case’s world, meant corporate power. The zaibatsus, the multinationals ..., had ... attained a kind of immortality. You couldn’t kill a zaibatsu by assassinating a dozen key executives; there were others waiting to step up the ladder; assume the vacated position, access the vast banks of corporate memory.”
—William Gibson (b. 1948)
“Through all opposition the personal benefits of the reform [dress] [bracketed word in original] have compensated; but had it been mainly sacrifice, the thought of working for the amelioration of women and the elevation of humanity would still have been the beacon-star guiding me on amid all discouragements.”
—Susan Pecker Fowler (1823–1911)
“Any intelligent woman who reads the marriage contract and then goes into it, deserves all the consequences.”
—Isadora Duncan (1878–1927)
“The measure discriminates definitely against products which make up what has been universally considered a program of safe farming. The bill upholds as ideals of American farming the men who grow cotton, corn, rice, swine, tobacco, or wheat and nothing else. These are to be given special favors at the expense of the farmer who has toiled for years to build up a constructive farming enterprise to include a variety of crops and livestock.”
—Calvin Coolidge (1872–1933)