Farmers' Protest: Understanding Minimum Support Price (MSP)
bharatjodonyayyatra
  • Reads 2
  • Votes 0
  • Parts 1
  • Time <5 mins
  • Reads 2
  • Votes 0
  • Parts 1
  • Time <5 mins
bharatjodonyayyatra
Ongoing, First published Feb 19
formfullisminimummsppricesupportwhat
The ongoing farmers' protest in India has brought the Minimum Support Price (MSP) into the spotlight. Farmers are demanding the legalisation of MSP, claiming it to be a crucial measure to address the challenges faced by Indian agriculture. This article explores the concept of MSP, its significance, and whether legalising MSP can solve India's agricultural problems.

What is Minimum Support Price (MSP)?

The Minimum Support Price (MSP) is a price at which the government purchases crops from farmers, providing them with a guaranteed minimum income for their produce. MSP is announced by the government before the sowing season based on recommendations from the Commission for Agricultural Costs and Prices (CACP). It acts as a safety net for farmers, ensuring them a minimum price for their crops, regardless of market conditions.

Significance of MSP in Indian Agriculture

MSP plays a crucial role in Indian agriculture for several reasons. Firstly, it provides farmers with a stable income, reducing their dependency on moneylenders and middlemen. Secondly, MSP ensures food security by encouraging farmers to produce essential food grains. Thirdly, MSP helps in maintaining price stability in the market, preventing extreme price fluctuations.

Is Legalising MSP a Cure for India's Agriculture Problem?

Legalising MSP alone may not be a comprehensive solution to India's agricultural problems. While legalising MSP can provide farmers with a legal guarantee of minimum prices, it may not address the underlying issues in Indian agriculture, such as low productivity, lack of infrastructure, and market access. Visit: https://bharatjodonyayyatra.com/nyay-diaries/explainer-on-msp-as-a-legal-guarantee/
All Rights Reserved
formfullisminimummsppricesupportwhat
Table of contents

1 part

Sign up to add Farmers' Protest: Understanding Minimum Support Price (MSP) to your library and receive updates
or
#612full
Content Guidelines
You may also like
Stephanie Rose's Writer Room - It's Not All Roses by StephRose1201
20 parts Ongoing
♥ A Writer's Journal ♥ Where readers can get to know me, Stephanie Rose, through my writing processes, my multiple projects, and my passing thoughts. Where I answer questions -- those asked by my readers or myself -- and share behind-the-scenes info on my characters, story ideas, aesthetic choices. Where I share my projects, my woes, my hopes, my dreams. Where I bring you, the reader, into my world -- the world of an author. ♥ this is a story with PAID CHAPTERS, except for the first two. Please consider unlocking chapters to read more about me! There will be bonus things that *aren't* included in any of the stories posted on Wattpad! ♥
You may also like
Slide 1 of 1
Stephanie Rose's Writer Room - It's Not All Roses cover

Stephanie Rose's Writer Room - It's Not All Roses

20 parts Ongoing

♥ A Writer's Journal ♥ Where readers can get to know me, Stephanie Rose, through my writing processes, my multiple projects, and my passing thoughts. Where I answer questions -- those asked by my readers or myself -- and share behind-the-scenes info on my characters, story ideas, aesthetic choices. Where I share my projects, my woes, my hopes, my dreams. Where I bring you, the reader, into my world -- the world of an author. ♥ this is a story with PAID CHAPTERS, except for the first two. Please consider unlocking chapters to read more about me! There will be bonus things that *aren't* included in any of the stories posted on Wattpad! ♥

More details