Yangon Region to cultivate more than 10,000 acres of monsoon paddy in contract farming system

During the rainy season, con­tract farming will be carried out in Yangon Region, covering 10,618 acres for cultivating monsoon paddy.


On 1 July, the Yangon Re­gion Chief Minister provided 3,440 bags of urea fertilizer worth about K326.8 million for 1,720 acres in Taikkyi Township, where the contract farming will be imple­mented. The overall plan is to cultivate 10,618 acres in the rainy season through contract farming, involving 1,100 members from 58 teams in 10 townships in Yangon Region.


Contract farming is a system that carefully negotiates how to share the benefits, including the obligations, commitments, and risks, between farmers and a company in the agricultural busi­ness. In addition, when benefits are continuously generated for farmers and the company, the trust between both parties will be strengthened and the business successful. The advantage of this system is that all stakeholders such as sellers of agricultural in­puts such as seeds and fertilizers, farmers, equipment suppliers, service companies such as rice milling, traders, and banks are integrated into a single group. — TWA/CT