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but everything else from a farmers point of view might continue to be the same. 8. LOSS OF STATE REVENUE, ESPECIALLY TO PUNJAB AND HARYANABased on the current levels of procurement of wheat and rice and also arrival trend in mandis, Punjab stands to loose around Rs 4,000 5,000 crore as mandi revenues as and when transactions move outside the mandis, while in case of Haryana, the loss could be somewhere around Rs 1,000 1,500 crore per year. Other states dont see their produce being procured at the level Punjab and Haryana does, so the loss is not much to them. 9. HOARDING NOW MADE LEGAL FOR SEVERAL COMMODITIES LEADS TO SERIOUS POTENTIAL FOR PRICE MANIPULATIONThe original Commodities Act without this new ammedment never had restrictions on farmers stockpiling their produce although most could not, because of lack of storage facilities. The restriction was only on big traders to avoid price manipulation. Those restrictions have now been removed for several essential commodities. This allows the big traders to manipulate prices. And given that over 85% farmers have land holdings so small that they themselves need to buy these essential commodities to eat, they are likely to suffer!Right now, the price control trigger for Essential Commodities is set so high that a corporate can easily manage to play the game, without reaching the threshold where Govt. can intervene.

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