Structure and Operations of Farmer Producer Company in India with Special Reference to the State of Kerala


Authors : Soni Solaman; Dr. G. Veerakumaran

Volume/Issue : Volume 5 - 2020, Issue 10 - October

Google Scholar : http://bitly.ws/9nMw

Scribd : https://bit.ly/2JvCQCa

This research paper examined the structure and operations of Farmer Producer Company (FPC) in India. Farmer Producer Company operating in the poultry sector of Kerala state of India named Venad Poultry Farmer Producer Company was selected for the study. The company was a well renowned producer organisation established in the year 2016. The functional area of Producer Companywas poultry and dealing with the marketing of chicken meat, eggs, poultry inputs like medicines, vaccines, feeds and equipments, supply of high yielding and disease resistant BV380 chicks. The company is supported by NABARD and Kerala Agricultural University (KAU). The company got best Farmer Producer Company award from the honorable chief minister of Kerala, Shri. PinarayVijayan during 2018. The parameters selected for study were; organisational structure, share capital, borrowings, deposits, gross profit/loss (EBIT), net profit/loss, procurement, processing and sales. The study was solely depended on primary data obtained from the selected FPC. These data were obtained from the financial statements and annual reports of the company. The data from 2016-17 to 2019-20 had taken for analysis. Simple Growth Index and Compound Annual Growth Rate (CAGR) were used as the tools for analysis. Bar diagrams were depicted for a diagrammatic representation ofgrowth throughout the years. It was clear from the analysis that the company was in the phase of growth stage from that of introductory stage. The structures and operations of the company was based on the rules mentioned in the Indian Companies Act, amended in 2002, the Government of India incorporated a new section IXA based on the recommendations of the Y.K. Alagh Committee called "Producer Companies". TheVenad Poultry FPC had obtained a trade mark in the industry through the introduction of India's first source traceability technology in the poultry sector. Therefore company could be able to provide safe eggs and meat for their customers, where people could trace the QR codes and able to identify the quality of products and details of farmers.

Keywords : FPC- Farmer Producer Company, Farmer collectives, CAGR- Compound Annual Growth Rate, SGISimple Growth Index, NABARD- National Bank for Agriculture and Rural Development.

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