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- Theme: The APMC legislation has in effect created fragmented markets—small trading zones that can quite easily be captured by trader cartels
- The op-ed highlights issues with good intentions but bad implementation. Case in point are the Agricultural produce market committees
- Issue 1: Even institutions that are set up with the best of intentions are often captured by the special interest groups
- Issue 2: These interest groups then have a strong vested interest in maintaining the existing way of doing things rather than support reform
- Issue 3: Only good intentions don’t work out in long run, we need to have a deep understanding of the incentive structure that is being put in place
- Challenge: The APMC legislation has in effect created fragmented markets – small trading zones that can quite easily be captured by trader cartels.