How central government’s minimum support price failed marginal farmers2 min read . Updated: 25 Feb 2019, 12:37 AM IST
- In January, there were 19,872 transactions across 18 states, where the price was below the MSP
- In 2018-19, just 12% of the 33.6 million farmers who were growing wheat availed of the government’s MSP
Today, the central government is intervening to provide minimum income support to small and marginal farmers. This distress intervention might not have been called for if the government had suitably tailored and effectively serviced an older minimum promise: the minimum support price (MSP), or the price at which it promises to buy 25 crops from farmers, regardless of their prevailing market price.
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