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Discussion On Buy-back program

Posted on :29 August 2019

In continuation to the review work on the buy-back program, the members of the Natural Resources & Environment Committee consulted the officials from the Department of Agricultural Marketing and Cooperative under the Ministry of Agriculture and Forests.

The officials made a brief presentation outlining the background, implementation modality, implementation status and some of the major issues related to the buy-back program. In highlighting the objective it was reported that the main objective of the buy-back program was to establish alternative channel for the small-holder farmers, promote market-led production in long run, and facilitate marketing of semi-commercial production amongst other.

They also said that while the program was designed as contingency plan for the farmers at time of market constrain. Some of the major challenges involved in implementing the program are the low volume and scattered locations increasing transaction cost, famer’s high price expectations, risk involved especially with perishable commodities and with no confirmed budget for buy-back.

Issues such as value addition, market through farmers groups and cooperation, buy-back pricing system, market and productions of commodities were also discussed in the meeting.

The Committee will prepare a final report with recommendations after a thorough review on the buy-back program and will be deliberated in the 24th session of the National Council.

 

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