The Sections of Farm Acts 2020 and the Government approach towards ―inter-State trade‖ and ―intra-State trade‖ to dismantle the APMC in a planned manner, private contract forming, unlimited crops storage to benefit big corporates is critically reviewed, analysed to identify the social, economic and legal effects of farm acts on the farmers, traders, corporates and the people of India and some rectifications are proposed and evaluated. The first act about the farmers‘ produce trade and commerce relaxes restrictions governing purchase and sale of farm produce, the second introduces a dedicated legislation to enable contract farming based on written agreements, the third relaxes restrictions on stocking under the Essential Commodities Act (ECA), 1955. Due these acts, corporates will adopt profit-making strategies and make essential services of foodstuff unaffordable to the society or unavailable to large segments of the population or corporates shall act as exporter of crops and foodstuff. Researcher proposed that Agricultural universities shall take active part for strengthening and streamlining the agriculture by educating farmers by providing necessary facilities and application of frontier science. Nationalized Farmer Public Sector Corporation (NFPSC) shall be created to promotes agricultural industry for setting up a national common market for agricultural commodities. Instead of contract forming, nationalization of agriculture should be done and states should be empowered in agricultural domain. Private corporate industry should not be the owner to export agricultural produce at the sweat, blood and land of the farmers. ―The One Nation, One Market, one MSP, One Corporate Minimum Sell Retail Price (CMSRP) or MRP should be the strategy of the government, farmers, and NFPSC.