In essence, these laws are:
1. Contract Farming law, (Farmers Agreement & Price Assurance Act 2020)
2. Bypass of government established agricultural produce market committee (APMC) law, (Farmer's Produce Trade and Commerce Act, 2020)
3 Decriminalization of hoarding law. (Essential Commodities Amendment Act, 2020)
The Statement of Objects and Reasons of the Farm Law Repeal Bill 2021 is as under:
The fact remains that the repeal laws are not enough. The guaranteed remunerative Minimum Support Price Bill and The Farmers Right to Freedom from Indebtedness Bill is yet to be listed for introduction. At least since 2018, the farmers are demanding "The Farmers Right to Guaranteed Remunerative Minimum Support Price for Agricultural Communities Bill" which alone can confer right to remunerative minimum support for agricultural produce with minimum 50℅ profit margin above comprehensive production cost on sale of commodities. They are also demanding "The Farmer's Freedom From Indebtedness Bill" which is required to confer a right on indebted farmers to obtain an immediate one-time complete waiver of outstanding loan;right to obtain institutional credit;protection of debt trapped farmers from suicides.
The farmers protest is largest peaceful democratic protest the world has ever seen. It will continue till enactment of Farmers Right to Guaranteed Remunerative Minimum Support Price for Agricultural Commodities Act, Farmers Freedom From Indebtedness Act and repeal of Electoral Bonds.
It is evident that it was the provision of anonymous Electoral Bonds that fathered the black farm laws and other anti-people laws like the four labour codes. Anonymous foreign funding of ruling parties is immoral, unethical and sinful. It is lethal threat to present and future Indians. It is part of Fourth Generation War against India by transnational actors & commercial czars.