A cash crop, also called profit crop, is an agricultural crop which is grown to sell for profit. It is typically purchased by parties separate from a farm. The term is used to differentiate marketed crops from staple crop in subsistence agriculture, which are those fed to the producer's own livestock or grown as food for the producer's family.
An Agricultural Produce Market Committee (APMC) is a marketing board established by state governments in India to ensure farmers are safeguarded from exploitation by large retailers, as well as ensuring the farm to retail price spread does not reach excessively high levels. APMCs are regulated by states through their adoption of a Agriculture Produce Marketing Regulation (APMR) Act.
The jute trade is centered mainly around India's West Bengal and Assam, and Bangladesh. The major producing country of jute is India and biggest exporter is Bangladesh, due to their natural fertile soil. Production of jute by India and Bangladesh are respectively 1.968 million ton and 1.349 million metric ton. Bengal jute was exported to South East Asia from the 17th century by the Dutch, French and later by other Europeans.
An agricultural cooperative, also known as a farmers' co-op, is a producer cooperative in which farmers pool their resources in certain areas of activities.
Katihar district is one of the thirty-eight districts of Bihar state in India, and Katihar city is the administrative headquarters of this district. The district is a part of Purnia Division. It is prominently known for its Katihar Junction Railway Station, which is a Category A1 station on the Barauni–Guwahati line. It has been included in the Aspirational Districts Program of the Government of India since 2018, to improve its socio-economic indicators.
Jute is one of the most important natural fibers after cotton in terms of cultivation and usage. Cultivation is dependent on the climate, season, and soil.
Agriculture in Thailand is highly competitive, diversified and specialized and its exports are very successful internationally. Rice is the country's most important crop, with some 60 percent of Thailand's 13 million farmers growing it on almost half of Thailand's cultivated land. Thailand is a major exporter in the world rice market. Rice exports in 2014 amounted to 1.3 percent of GDP. Agricultural production as a whole accounts for an estimated 9–10.5 percent of Thai GDP. Forty percent of the population work in agriculture-related jobs. The farmland they work was valued at US$2,945/rai in 2013. Most Thai farmers own fewer than eight ha (50 rai) of land.
The Alberta Wheat Pool was the first of Canada's wheat farmer co-operatives in 1923.
The Food Corporation of India (FCI) is a statutory body of the Government of India. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, formed by the enactment of Food Corporation Act, 1964 by the Parliament of India. Its top official is designated as Chairman and Managing Director, who is a central government civil servant of the IAS cadre. The corporation was set up in 1965 with its initial headquarters at Chennai. Later this was moved to New Delhi. It also has regional centers in state capitals.
Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. The Indian retail market is estimated to be worth $1.3 trillion as of 2022. India is one of the fastest growing retail markets in the world, with 1.4 billion people.
Agriculture in India is highly susceptible to risks like droughts and floods. It is necessary to protect the farmers from natural calamities and ensure their credit eligibility for the next season. For this purpose, the Government of India introduced many agricultural social insurances throughout the country, the most important one of them being Pradhan Mantri Fasal Bima Yojana.
The Kerala State Civil Supplies Corporation Limited, abbreviated as and known better by its brand name Supplyco, is a Government of Kerala-owned company headquartered at Kochi, India. It acts as the execution arm of the Department of Food and Civil Supplies of the Government of Kerala. Founded in 1974, the company serves the purpose of governmental intervention in the retail market to control prices of essential commodities.
The Agricultural Development and Marketing Corporation, usually known as ADMARC, was formed in Malawi in 1971 as a government-owned corporation or parastatal to promote the Malawian economy by increasing the volume and quality of its agricultural exports, to develop new foreign markets for the consumption of Malawian agricultural produce and to support Malawi's farmers. it was the successor of a number of separate marketing boards of the colonial-era and early post-colonial times, whose functions were as much about controlling African smallholders or generating government revenues as in promoting agricultural development. At its foundation, ADMARC was given the power to finance the economic development of any public or private organisation, agricultural or not.
The Pakistan Jute Mills Association (PJMA) was founded in 1970 in an effort to reduce reliance on jute imports. The Government of Pakistan prioritised the development of the domestic jute industry. As a result, between 1964 and 1971, four jute mills were set up in the country, each with limited production capacity aimed at fulfilling the local demand for jute products.
The Commission for Agricultural Costs and Prices (CACP) is an attached office under the Ministry of Agriculture & Farmers Welfare, Government of India, that recommends Minimum Support Prices (MSPs) for select crops. It was established in 1965 as the Agricultural Prices Commission, and was given its present name in 1985.
The sugar industry subsumes the production, processing and marketing of sugars. Globally, about 80% of sugar is extracted from sugar cane, grown predominantly in the tropics, and 20% from sugar beet, grown mostly in temperate climate in North America or Europe.
Cotton in Malawi is an important part of the agricultural history of Malawi. Cotton is not indigenous to the country, but was introduced into warmer lowland areas no later than the 17th century. Production in the late pre-colonial and early colonial period was limited but, from the early 20th century, it has been grown mainly by African smallholders in the south of the country. For a brief period during the First World War, cotton was the most valuable export crop, and it has remained an important earner of foreign exchange.
The minimum support price (MSP) is the minimum price for select crops raised in kharif and rabi seasons that the Government of India considers as remunerative for farmers and hence deserves support. This is different from procurement price and issue price. It is generally announced before the sowing/planting season. It is approved by the government and aims to safeguard the farmer to a minimum profit for the harvest while at the same time increasing food security in the country. MSP was initially an incentive for farmers to adopt technology with an aim of increasing the productivity of agricultural land in the 1960s, however in the 2000s it is seen as a market intervention and farmer income scheme. The effectiveness of such a price policy has varied widely between states and commodities. Awareness among farmers of the existence of an MSP is poor at 23%, while awareness of MSP procurement agencies is also poor with only about 20–25% of wheat and paddy produce being sold at MSP.
The jute industry is a historically and culturally important industry in Bangladesh dating back to during the growth of the East India Company in the Indian subcontinent. Despite once being one of the country's biggest industries and major export items, the jute industry has declined since the 1970s. Exports have fallen as other countries grow jute independently, decreasing the demand for jute to be exported, and other products like plastics and hemp find more widespread use.
The Indian agriculture acts of 2020, often termed the Farm Bills, were three acts initiated by the Parliament of India in September 2020. The Lok Sabha approved the bills on 17 September 2020 and the Rajya Sabha on 20 September 2020. The then President of India, Ram Nath Kovind, gave his assent on 27 September 2020.
