A Producer Company means a company that is formed with a purpose of engaging in any activity that is connected to or relatable to any primary produce. In other words, a Producer Company is a company that is formed with a primary objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, port of primary produce of the members or import of goods or services for their benefits.
Here, “produce” are the products that have been grown or produced by farming. This means that, a Producer Company primarily is engaged with agriculture and post-harvest processing activities.