States had different rules & regulations (as agriculture is a state subject), to buy food grains from farmers. It was difficult for corporates to handle so many states with so many different regulations & taxes.
Farm Laws 2020 : Corporates had an eye on massive food grain market of India and the farmers land. They had few problems:
States had different rules & regulations (as agriculture is a state subject), to buy food grains from farmers. It was difficult for corporates to handle so many states with so many different regulations & taxes.
Corporates will buy crops and store them. But Essential Commodity act will stop them for storing crops for long time, as it increase prices in market.
Food crops will not come under Essential Commodity act and can be stored for longer period. Corporates again happy.
Contract farming for farmers where they will be told by corporates what kind of crops are to be grown. Corporates again happy.