The term "Contract Farming", recently seen in news, refers to:
1
A government scheme where farmers are compensated for crop failure due to natural disasters.
2
A farming model where large corporations directly purchase farmland and employ farmers to work on it.
3
An agreement where farmers and buyers pre-decide terms like price, quality, and quantity of the produce, along with delivery timelines.
4
A traditional farming method where farmers form cooperatives to sell their produce collectively at better market rates.