Hyderabad: Telangana govt plans to introduce an AI-based digital market yard system that will bring every stage of agricultural trading, from a farmer’s entry into a market to crop sale and payment, under a single digital platform. Agriculture and marketing minister Tummala Nageswara Rao on Monday directed officials to invite tenders within a week for the proposed system, which the govt aims to develop as a model for the country.
Historical auction and transaction data should be preserved and made available for analysis and inspections whenever required, he said. Under the proposed system, farmers’ details will be registered on arrival at a market yard and a unique lot ID will be assigned to each consignment. Crop quality assessment, digital bidding, online auctions, price fixation, farmer consent, weighing, sale bill generation, market fee calculation and payment will all be integrated into one platform. After the auction or tender process, the system will display the final price. An OTP will be sent to the farmer through the commission agent to obtain the farmer’s confirmation before proceeding with the sale. The produce will then be weighed and a sale bill generated based on the recorded weight and agreed price. Details of market charges and payments to farmers will also be recorded digitally. He also called for a management information system (MIS) to capture real-time details of arrivals, price trends, traders, commission agents and auction transactions. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad