GUARANTEED MSP IS AN ETHICAL IMPERATIVE
Why in the news?
MSP Guarantee: Farmers demand legal assurance of Minimum Support Price for crops amid elections, highlighting agricultural concerns.
source:slideserve
Understanding Farmers’ Plight Amid Elections:
- Agrarian concerns resurface as elections approach, with farmers converging at the capital’s border to voice distress and shape electoral discourse.
- Ruling government offers to procure certain crops at MSP, contingent upon farmers’ crop diversification, but farmers reject it, citing unaddressed core issues.
What is Minimum Support Price (MSP)?
● Minimum Support Price (MSP) is a guaranteed amount paid to farmers when the government procures their produce. ● Determined by the Commission for Agricultural Costs and Prices (CACP) based on factors like production cost, demand-supply dynamics, and market trends. ● MSP aims to ensure fair prices to farmers, encourage crop diversification, and enhance agricultural income. |