New farm laws safeguard farmers from fluctuations of prices: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman has said the three new agricultural legislations brought by the centre would free the farmers from the shackles in marketing their products. Talking to reporters in Chennai last evening, she said comprehensive discussions were held with agricultural experts, farmers and various other stakeholders before bringing the legislations. She said the MSP mechanism will continue even while offering the farmers the option to sell their products to the traders of their choice, in their own time, wherever in the country.

Ms Sitharaman said the doubts about the buyers of the agricultural products through the contract farming mechanism having any say on the landholding of the farmers is totally unfounded. She stressed that the farmers will be safeguarded from the fluctuations of the prices for their products using the three new legislations.