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LATEST NEWS UPDATES | For Farmers in Punjab, Minimum Support Price Doesn't Guarantee a Better Income -Vivek Gupta

For Farmers in Punjab, Minimum Support Price Doesn't Guarantee a Better Income -Vivek Gupta

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published Published on Nov 9, 2020   modified Modified on Nov 13, 2020

-TheWire.in

With or without the government-mandated minimum support prices, private players in Punjab have been calling the shots, and the new farm laws only legitimise the rampant practice.

Chandigarh: Farmers from Punjab, who are up in arms against the Centre’s new farm laws, have more than one reason to remain firm on their demand for the rollback of the contentious laws.

For crops where there is no assured government purchase even after the announcement of minimum support price (MSP) in the state, farmers have no option but to sell their produce in the open market at much lower prices. Farmers in the state fear that the Central laws would further exacerbate the situation, even in the case of crops where returns are assured.

In Punjab, there is 100% government procurement at MSP for wheat and paddy. But it is not the case with crops like maize, for which the Centre announces MSP every year, but there is hardly any government purchase at that rate in the state.

As a result, market forces decide the selling price that is often below the MSP announced by the Centre. The pricing of the produce further dips if moisture level in the crop is high.

Please click here to read more.


TheWire.in, 9 November, 2020, https://thewire.in/agriculture/punjab-farmers-protest-msp-returns


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