Private market yard
Topic: Agricultural Marketing, MSP, Buffer Stocks and PDS · NCERT: Beyond NCERT
Meaning
A private market yard is an agricultural market set up and run by a private person or firm outside the yards owned by the APMC (Agricultural Produce Market Committee). Under old APMC laws, the first sale of notified produce had to take place in the APMC's own yards. This gave the APMC a monopoly. Market reforms allowed private yards to bring in competition, more buyers and private investment. The Model APLM Act 2017 (Agricultural Produce and Livestock Marketing) provides for them.
Example
Under a state law based on the Model APLM Act 2017, a company may build a private yard with its own grading, storage and auction hall. Farmers in the area can then choose between that yard and the APMC mandi.
Don't confuse with
- "Trade area" under the 2020 farm law: the Farmers' Produce Trade and Commerce Act allowed any PAN holder to trade outside APMC yards with no market fee. It was repealed in 2021. A private market yard is a permitted market under state reform laws, not a fee-free zone.