Abstract
The aim of the paper is to study the performance of regulated markets in TamilNadu . Regulated markets are essential for regulating and monitoring the financial and economic system thereby reducing market charges and providing facilities to producers and sellers in the market. At present in Tamil Nadu 284 regulated markets are functioning under 23 market committees to ensure fair prices to farmers produce. The primary data were collected by structured questionnaire to study the constraints faced by the farmers in regulated market and also the brain storming session were conducted between market committee, farmers, traders, FPO’s(Farmer Producer Organisation), etc.. to improve the efficiency of regulated market. The secondary data were collected from District market committees. The tools used in this study are Percentage analysis and Garett ranking method. The results shows that nearly 80 to 90 percent of Market fee collected outside, for the sale and purchase of notified agricultural produce would be affected due to the farm bill 2020 and this problems can be fairly rectified by some alternative measures or models in which market shops construction, Primary processing centres, etc.. will improve the performance of the regulated market. The major constraints faced by the farmers was high transportation cost.
Highlights
A regulated market is one that is established by law for a single commodity or a group of commodities
The results shows that nearly 80 to 90 percent of Market fee collected outside, for the sale and purchase of notified agricultural produce would be affected due to the farm bill 2020 and this problems can be fairly rectified by some alternative measures or models in which market shops construction, Primary processing centres, etc.. will improve the performance of the regulated market
The results are purely based on the data provided by the District market committee of Dharmapuri and Krishnagiri District and the brainstorming sessions between the farmers, traders, market committees, FPOs, (Farmer Producer Organisation) etc.. and the sample farmers constraints during the selling of their produce in regulated market
Summary
A regulated market is one that is established by law for a single commodity or a group of commodities. State governments set up these markets under the APMC (Agricultural Produce Market Committee) Acts. This market is run by a market committee made up of representatives from the State Government, legal entities (such as the District Board), dealers, and farmers themselves. The committee is responsible for the licensing of brokers and weighmen and is empowered to punish anyone found guilty of dishonest and fraudulent practices. It hears all the complaints and in case of disputes, it arranges for arbitration. Cooperative marketing and distribution and banking are linked with the regulated markets [1,2,3,4,5,6]
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