The State unit of the Communist Party of India (Marxist) has said that the Global Agribusiness and Food Processing Summit scheduled to be held on December 1 and 2 in Bangalore is a precursor to introduction of contract farming in the State.

Role of corporates

CPI(M) leaders Nityananda Swamy, B.S. Sopin and Mahesh Pattar told presspersons here recently that the investors' meet would pave the way for greater control of agriculture sector by the corporate sector.

“Through contract farming, corporate companies might initially give better prices for farmers. But subsequently, farmers will be forced to grow only those crops that are required by the companies. Such a development will lead to shortage of foodgrains,” Mr. Swamy said.

He said the CPI(M) was against the government's move to create land bank by snatching away fertile agricultural land for giving it to multinational companies for setting up agri-based industries.

“If the State Government is genuinely interested in facilitating setting up of agri-based industries, let it ask multinational companies to make use of barren land,” he said.

Mr. Swamy said the Government had to invest more in the farm sector.

Dharna planned

He said CPI(M) members from across the State would participate in the joint protest planned by Karnataka Pranta Raitha Sangha and Karnataka Pranta Krishi Koolikarara Sangha at the venue of the agricultural investors' meet on December 1.