Relationship between the agricultural contract and insurance or credit [SECTION 9] The provisions of this Act shall apply despite all conflicting provisions contained in a law or instrument in force of the Land Government. If, before the entry into force of this Act, an agricultural agreement or contract has been concluded under a law of the Land Government, the agreement shall remain valid for the period mentioned in the agreement or in the treaty. In the event of a change in the above-mentioned price, the agreement expressly provides that quality, quality and standards applicable to pesticide residues, food safety, “good agricultural practices” and “social development” may also be included in the agreement. The Parties may require that such mutually acceptable qualities, qualities and standards be checked and certified during the cultivation or rearing process or at the time of delivery by third parties. Where agricultural agreements concern seed production, the sponsor shall pay the farmer at least two thirds of the agreed amount at the time of delivery and the balance “after certification” and no later than thirty days after delivery. In other cases, sponsors may pay the agreed amount at the time of acceptance of delivery of the agricultural products and provide proof containing the details of the sale. The Land Government may prescribe how payments are made to farmers. Unless otherwise specified in this Act, a provider of agricultural services may become a party to the agricultural contract. In this case, the role and services of the supplier are explicitly mentioned in the agreement.
The method of determining the price indicated should be mentioned in the agreement. Pricing for the purchase of agricultural products is mentioned in the agreement. An agricultural agreement may be linked to insurance or credit instruments under a central or regional government system, or through a financial service provider, in order to ensure “risk reduction” and the flow of credit to the farmer, the promoter or both. . F.No 26011/3/2020-M.II., Agricultural Marketing Division, Ministry of Agriculture and Farmers` Welfare, 5 June 2020. . . .