Producer Company is basically a body corporate registered as Producer Company under Companies Act, 1956/2013 and defines producer as any person engaged in any activity connected with or relatable to any primary produce (Produce: “things that have been produced or grown, especially by farming”). A producer company can be formed by 10 or more producers OR two or more producer institutions OR a combination of 10 or more producers and producer institutions. Such a company can only have equity capital, require a minimum of five directors. The procedure for forming a producer company is similar as registering a private limited company. The concept of Producer Company is aimed at empowering farmers by creating clusters of farmers organized as a Producer Company.