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FARMER PRODUCER COMPANY

Farmers Producer Company (FPC) is a legal form of the company. It is a hybrid between cooperative societies and private limited companies. In 2002, an Act was passed in Parliament and this legal form was created. It takes care of the flaws in the cooperative societies but keeps its strengths. It has also borrowed the strengths of the corporate companies. According to this new law, only farmer – producers can be members of the FPC and the farmer members themselves will manage this company. Paid staff can be employed to help the farmer- producers run the FPC. These FPCs will be promoted by the farmers, will be run by the farmers and for the benefits of the farmers. Over the years, the surplus would be shared among the farmers only.

Key Points:

1. The objective of the concept of FPC is to organize farmers into a collective to improve their bargaining strength in the market.

2. They are owned and governed by shareholder farmers (or artisans) and administered by professional managers.

3.They adopt all the good principles of cooperatives and the efficient business practices of companies and also seek to address the inadequacies of the cooperative structure.

4. A Farmer Producer Company can be formed by any 10 or more primary producers or by two or more producer institutions, or by a contribution of both. They can undertake activities related to production, harvesting, procurement, grading, pooling, marketing, processing, etc., of agricultural produce.

5. Non-producers seeking to invest in these companies as shareholders are precluded under the statute concerned.

6. The Farmer Producer companies have democratic governance, each producer or member has equal voting rights irrespective of the number of shares held. There is a limitation on the amount that can be distributed as dividend. Profit is largely distributed on the basis of “patronage”, which acts as a reward for members contributing to the business. There can be 5-15 directors and expert directors can be co-opted for professional guidance.

Location of various FPCs under MOMA

Details of the Farmer Producer Companies/ Farmer Producer Organisations (FPCs/FPOs) registered under MOVCDNER scheme

Fifteen Farmer Producer Company (FPCs) comprising 500 farmers each has been registered in the Company Act, Ministry of Corporate Affairs, Government of India

Sl.no.Name of the Farmer Producer CompanyRegistration No.Contact person and detailsCrops under FPCArea of operation (District)
1Loulhoumi Organic Producer Company Ltd.U01110MN2017PTC013555K. Khaibiaklian,
Chairman
# 9911902114
micklian@yahoo.co.in
Pineapple, Ginger, Turmeric, King ChilliChurachandpur
2Thayong Organic Producer Company Ltd.U01111MN2017PTC013563Hijam Dhiren,
Chairman,
# 9077646540
surjitthiyam7@gmail.com
Pineapple, Tamenglong Orange, Ginger, Turmeric Kangpokpi- Sadar Hill and Thoubal
3Phou-Oibee Organic Producer Company Ltd.U01409MN2017PTC013544Sadokpham Hemakanta,
Board of Director,
# 9856247847
Chakhao (Black Aromatic Rice), HYV paddy
Bishnupur
4Chak-Hao Poireiton Organic Producer Company Ltd.U01113MN2017PTC013542Chongtham Santa,
Board of Director,
# 9612100983
Chakhao (Black Aromatic Rice), HYV paddy
Imphal West
5Chingarel Organic Producer Company Ltd.U01110MN2017PTC013598Yumnam Bimolchand,
Board of Director,
# 9862113306
Chakhao (Black Aromatic Rice), HYV paddy
Imphal East
6Apunba Louba Organic Producer Company Ltd.U01400MN2017PTC013600Khaidem Sarat,
Board of Director,
# 8729896236
apunbaorg@gmail.com
Chakhao (Black Aromatic Rice), HYV paddy
Thoubal
7Rinrumlan Organic Producer Company Ltd.U01409MN2018PTC013772Tuime Lolly,
Board of Director,
# 8732850105
Kachai lemon, Ginger, Turmeric, King Chilli
Ukhrul
8Reangluang Organic Farmers Producer Company Ltd. U01100MN2018PTC013618Joy Kamei,
Board of Director,
# 7085458024
Tamenglong Orange, King Chilli, Turmeric
Tamenglong
9Ruwmee Organic Producer Company Ltd.U01100MN2017PTC013597Augustine Roel,
Board of Director,
# 8787826230
Ginger, Turmeric
Chandel
10Progressive Farmer Organic Producer Company Ltd.
U01114MN2017PTC013588P. Benjamin,
Chairman,
# 9366067877
King Chilli, Ginger, Turmeric,
Senapati
11Sinlung Organic Farmer Producer Company Ltd.U01820MN2020PTC014036Lalringung,
Chairman,
# 9366634122
Ginger, King Chilli
Pherzawl
12Chakpi Organic Producer Company Ltd.U01100MN2020PTC014052HB. Flori Anal,
Board of Director
# 8731998740
Chakhao (Black Aromatic Rice)
Chandel
13Thangching Organic Producer Company Ltd.U01100MN2020PTC014037Pausonlal Vaphei,
Board of Director
# 8416095391
boison@gmail.com
Chakhao (Black Aromatic Rice)
Churachandpur
14Kakching Organic Farmer Producer Company LtdU01100MN2019PTC013973N. Achouba Singh,
Board of Director
# 9612995629
naoremachouba53@gmail.com
Ginger, Turmeric
Kakching- Tengnoupal
15Oriental Organic Producer Company Ltd-Leishingam Luikaham,
Board of Director
# 9366037121
lkham17@gmail.com
Turmeric, King Chilli,
Ukhrul - Kamjong

CERTIFICATE OF INCORPORATION OF FPCs

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