Scientific Research on socio-economic characteristics of farmers and their problems: A Study in Regulated Market of Balasore District.

Abstract

The two main avenues via which agricultural produce is gathered, distributed, and resold in rural India are the regulated markets set up by the State Governments and the sporadic marketplaces that have developed naturally and are unregulated. Under the auspices of extensive regulations that have been formulated and amended periodically by the corresponding state Agricultural Produce Marketing Regulation Act, agricultural produce market committees have been established to promote equitable trade. Since their inception, regulated markets have assisted in reducing market disadvantages; yet, the competitive market structure was not well-foreseen by their legal framework. In an environment of liberalized trade, this paves the way for the market committee to become more manageable and sustainable. Given the dependence of other sectors on agriculture, India has viewed it as a valuable tool for economic progress.The regulated markets are regarded as accountable establishments that carry out all the tasks associated with the selling of products while considering the interests of all final consumers as a whole. The current paper highlights Indian agriculture, with a particular emphasis on the regulated agricultural marketing system and its development, status, and prospects. The report also emphasizes the difficulties and impact of a regulated market on farmers' socioeconomic standing. At the study's conclusion, a number of restrictions that either directly or indirectly impacted the farmers' socioeconomic standing were mentioned. To comprehend the link between the dependent and independent variables, a variety of statistical methods were employed. To arrive at the ultimate outcome, an ex post facto research design was mostly employed.