NIZAMABAD: The revenue of agriculture market committees has drastically dropped in undivided Nizamabad district over the last six months, after the farm laws that were passed last month took effect.
Market committees were unable to collect market fee from the traders and the revenues have fallen by 65 per cent.
The marketing department collects 1 per cent of the value of the business transaction as market fee from the traders. The fee is collected on transactions held in market yards or elsewhere in its regulated area. It is the main resource to provide basic amenities to farmers in the market yards.
The families of thousands farmers, traders and workers depend on market yards for their livelihood. Usually, farmers prefer to sell their agriculture products in market yards for better prices.
For instance, Nizamabad agriculture market committee has collected Rs 4.31 crore as market fee so far in the 2020-21 financial year. It had set Rs 13 crore as the target for the…