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:
“All meanings, we know, depend on the key of interpretation.”
—George Eliot [Mary Ann (or Marian)
“I do seriously believe that if we can measure among the States the benefits resulting from the preservation of the Union, the rebellious States have the larger share. It destroyed an institution that was their destruction. It opened the way for a commercial life that, if they will only embrace it and face the light, means to them a development that shall rival the best attainments of the greatest of our States.”
—Benjamin Harrison (1833–1901)
“A contract for better for worse is a contract that should not be tolerated.”
—George Bernard Shaw (1856–1950)
“With the farming of a verse
Make a vineyard of the curse,”
—W.H. (Wystan Hugh)