"Myanmar govt sets rules for contract farming", 11 February 2020

The Ministry of Agriculture, Livestock and Irrigation has released rules for contract farming to boost Myanmar's agriculture sector.

U Ye Tint Tun, director general of the Department of Agriculture, said the rules aim to ensure that farmers benefit from deals with private companies.

"We want farmers to be self-reliant," he said. "We want to eliminate practices such as buying agrochemicals on credit and paying back the loans after harvest.

[...]

The rules for companies, businesses owners, and associations, include having to provide quality input, fix premiums agreed by both sides, and using a record-keeping system. If farmers lose crops through natural disasters, the contract must be renegotiated.

[...]

The aim of the guidelines for contract farming is to reduce the debt-burden of farmers, and attracting more investment to the sector, U Ye Tint Tun said.