What is the full form of APMC ?

Apmc Description:
The full form or Meaning of APMC is Agricultural Produce Market Committees, which is an Indian Marketing board to remove the exploitation incidences of the farmers by involved intermediary communities, middlemen, etc.
These middlemen or intermediaries force farmers to sell their crops and produce material at an extremely low price than the market standard or than the price that farmers actually deserve which is unfair to the farmers.
The Agricultural produce market committees were formed by the state governments.
APMC are special markets for farmers to sell them produces at reasonable prices under some rules, the rule is called MSP.
These APMC markets ensure to bring all the produced food into the market so that their sale can be made through auction fairly.
In APMC, the government ensures through various laws that the farmer’s crop is not sold below the MSP. The farmer’s crop is bid in the market, which can be any bid above the minimum support price.
The marketplace for the agricultural produce market committees is called Mandi.
These Mandies or Marketplaces for APMC are set in different places of a particular state so these markets also divide the state geographically.
Here in these Mandies traders buy produces from the farmers only if they have a license for it.
on the other hand, the retail owners, wholesale traders, or mall owners are prohibited to buy products from farmers directly in these marketplaces of APMC.
APMC or agricultural market committees are operated under the state government because the agricultural marketing section comes under the state subject of the Indian constitution.
APMC operates the marketplaces or Mandies in the market areas where the notified agricultural production and livestock is regulated.
The main reason behind starting APMC was to stop the distressed sale by poor farmers under pressure by the intermediaries.
The agricultural produce market committee is mainly responsible to regulate agricultural trading practices.
The agricultural produce market committee set rules and fair prices and timeline payments for the farmers to sell theirs produces.
APMC regulates the agricultural trading rules that have resulted in these benefits –
APMC improved the market efficiency by decreasing market charges
APMC has eliminated the worthless intermediaries
APMC ensured that the seller and producer interest will be protected fairly
The agricultural produce market committees are the marketing boards by the state governments. This APMC regulates markets for farmers and traders to follow fair practices