FPOs can help India's farmers reap the benefits of collectivisation
Agriculture has always been a lifeline of the Indian economy, providing livelihood to millions of farmers; However high production costs, and low access to credit, as well as poor market linkages hinder the sector’s growth. This adversely impacts India’s ranks of small and marginal farmers, which comprises around 85% of the sector. Aggregation and consolidation provide a means for these farmers to unite and reap the benefits of economies of scale, making this a critical means to create new growth paradigms.
Farmer Producer Organisations (FPOs) are one such farmers’ aggregate, an organizational mechanism mobilizing farmers’ collective that seeks to improve their own economic and social situation and that of their communities. Although still nascent, they have come a long way in the past several years and are fast becoming a critical component of the agricultural value chain in India.
FPOs have the potential to give farmers better bargaining power and create a more transparent agri-market, and they need to be nurtured to their full potential. The inaugural edition of Samunnati and The Economic Times Farmer Producer Organisations Summit & Awards brings India’s often unseen champions to the fore – its farmers. To be held in New Delhi on 18th October 2019, the Summit focuses on the many ways in which our agrarian heroes can be empowered to succeed.
Rewarding those that outperformed
This unique initiative provides a platform for FPOs and key stakeholders to come together and understand how to jointly build a robust FPO ecosystem, boost Indian agriculture and create the next wave of growth. Equally critically, it will also celebrate the community’s successes in a gala awards ceremony that rewards the performance of the strongest FPOs and its enablers from across the country.
The award categories include
- Best FPO from each region
- Best CEO from each region
- Best governance mechanism from each region
- Best impact from each region
- Best performance from each region
- Best FPO Friendly Private Sector companies
- Best NGOs & Institute Supporting FPOs
- Outstanding Contribution to Farmers Skill Development
- Best Agritech Startup
Overseeing the awards process are an eminent roster of jury members, including N. Srinivasan, Independent Director, Samunnati; Anish Kumar, MD, Transforming Rural India Foundation; C.S. Reddy, CEO, APMAS; Emmanuel Murray, Senior Advisor, Caspian Impact Investment Adviser Private Limited; Jaideep Singh, MD & COO, Rabobank International Mumbai; N.V. Ramana, Independent Consultant; and S.S. Bhat, Professional Banker and MD, Ananya Finance for Inclusive Growth.
An industry convergence
The event will see experts from government and industry bodies delve into the many policy changes and innovations needed to attain sustainability and reap optimal benefits for farmer shareholders, in addition to analyzing existing industry FPO models, and providing financial solutions to farmers and arbitrators.
These interactive deliberations will highlight solutions to some of the practical problems on contemporary topics, making this a must-attend event. The summit will witness the attendance of 250+ delegates comprising MDs & CEOs of FPOs, NGO, Procurement heads from leading and emerging facilities Industry Associations, Government representatives, Policy makers, Agro-tech companies & companies associated with FPOs across India. Together, they will script the success formula to take Indian agriculture and its farmers on to a sustainable growth path.
During the last couple of years, there has been a growing interest in promoting an enabling environment for FPOs so that they emerge as successful business enterprises in their own right. The success of farmer organizations is critical for ensuring the success of smallholder and marginal farmers in India, and FPOs will continue to blossom as an aggregator of aspirations for millions of farmers across the country. This first-of-its-kind Summit and Awards seeks to recognize enabling entities laying the foundations of future growth and bring together those that will help realize this vision for a better tomorrow.
To know more, visit www.fpoawards.com