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Resource centre on India's rural distress
 
 

Can India actually afford MSP for farmers? It’s a question of political will -Kiran Vissa and Yogendra Yadav

-ThePrint.in

If there is one moment to bust the myth about MSP being unviable, it is now, when lakhs of farmers are preparing to march to the capital on Republic Day.

Can the farmers of India be offered a guaranteed remunerative price for their produce? The Narendra Modi government, some economists, and the country’s media would have you believe that this is impossible — both logistically and financially. They are wrong. They either do not understand what the farmers demand. Or they have not calculated the costs. Or they mislead, deliberately. If there is one moment to bust this myth, it is now, when lakhs of farmers are preparing to march to the capital on Republic Day.

Fortunately, we don’t have to start from scratch. The Modi government declares a minimum support price (MSP) for 23 crops every year. So, in principle, the government of India does recognise that the farmers need and deserve a minimum price for their produce. It has a mechanism, however faulty and disputed, for computing and announcing this price. And it acknowledges, though not in legal terms, its responsibility to “support” the farmers in terms of their price.

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