Tag: Fair Prices

Ref: https://www.thehindu.com/news/national/watch-what-is-minimum-support-price/article67894764.ece Introduction: Recently, farmer groups have requested a legal assurance for the procurement of crops at Minimum Support Price (MSP). Minimum support price (MSP) was introduced in 1966-67 as part of agricultural reforms by the Central Government. Need for MSP How Does the Government Decide on the MSP? Three Kinds of Production Cost: Legal…