The Minimum Support Price (MSP), as determined by the Commission for Agriculture Cost and Prices (CACP), is a linchpin in shaping the choices of farmers when it comes to selecting and planting crops. Serving as a guarantee for minimum income, MSP acts as a catalyst, emboldening farmers to undertake risks...
The central government has announced an increase in the Minimum Support Price (MSP) for Kharif crops during the marketing season 2023-24. The MSP has been raised by 5.3% to 10.35% across various crops with an aim to provide farmers with profitable prices for their agricultural produce. The MSP for common...
Prof. Vijay Laxmi Pandey, Indira Gandhi Institute of Development Research, argues that MSP’s effectiveness is observed only in a few states and for a few food crops, like rice, wheat and now pulses. The MSP acts as a disincentive for crop diversification in states where it is effective and causes...
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