48th Global Summit on Biotechnology & Food Sciences
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Accepted Abstracts

Garret’s Ranking of Constraints Pertaining to Regulated Markets in Saurashtra

Bhatt J D* and Khunt K A
Junagadh Agricultural University, Junagadh, Gujarat, India.

Citation: Bhatt JD, Khunt  KA (2024) Garret’s Ranking of Constraints Pertaining to Regulated Markets in Saurashtra. SciTech BioTech-Food Sciences 2024.

Received: January 04, 2024         Accepted: January 08, 2024         Published: January 08, 2024

Abstract

Ranking second in the world farm output, the agricultural sector is the backbone of Indian economy contributing majorly to the country’s Gross Domestic Product (GDP). It also indicated that the government was keen on doubling farmers’ income by 2022, for which it has launched several new initiatives that encompass activities from providing quality seed to marketing of agricultural output. Creation and development of a network of regulated markets across the county has been the most important strategy of the Government of India since independence to ensure remunerative price to farmers and reasonable price for consumers by creating conducive market environment for fair play of demand and supply forces. Over a period of time, many of the APMCs lost momentum despite the best intentions and efforts of the government. Therefore, the study was conducted in Saurashtra region to study the constraints pertaining to regulated markets and responses were obtained from 5 commission agents/traders and 10 farmers from each of ten selected markets. The Garret’s ranking technique was used to analyze the constraints perceived by different beneficiaries of regulated markets. Non-remunerative price for farmers’ produce and seasonality of arrivals and labour shortage were main constraints faced by farmers and traders respectively.
Keywords: Regulated markets, Constraints, Garret’s ranking, Farmers, Traders