Farmville
I want to propose a new business model to corporatize farming in India. Here are the basic aspects of the model:
- The company would select farmers who own existing tracts of land and enter into a contract with these farmers.
- As part of this contract:
- The company would provide the farmer with farming materials - seeds, fertilizer, pesticide.
- The farmer would sow his farm with given materials.
- The company would have full rights on the yield produced.
- As compensation for use of the land and these farming services the company would provide the farmer with a steady income every month.
- This steady income will not be dependent on the yield.
- The company will provide an annual bonus to the farmer based on the performance of the yield.