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PUNJAB SIGNS CONTRACT FARMING PACTS WITH LEADING CORPORATE COMPANIES (PAFC targets 4 lakh acres under multi-crop multi-year contract farming programme by 2003 and 25 lakh acres by 2007).

Asia Africa Intelligence Wire

| April 30, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

Punjab State is in the process of diversification from agriculture to agri business by encouraging farmers to replace rice-wheat 2-crop pattern with high commercial crops.

For this, Punjab Agro Food Corporation (PAFC) has entered into alliances with various corporate firms.

PAFC expects to cover 4 lakh acres under multi-crop multi-year contract farming programme by 2003 and aims at bringing 25 lakh acres under contract farming by 2007. During 2003, about 4,00,000 acres will be …

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