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LATEST NEWS UPDATES | Govt panel seeks MSP revamp, safety net to mitigate risks to farmers -Sayantan Bera

Govt panel seeks MSP revamp, safety net to mitigate risks to farmers -Sayantan Bera

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published Published on Apr 2, 2015   modified Modified on Apr 2, 2015
-LiveMint.com

Panel suggests floor price for foodgrain at a 10% premium to costs; safety net to kick in if prices fall below MSP

New Delhi: In what could restore the terms of trade in favour of agriculture, a government panel has recommended a new cost-linked minimum support price (MSP) and a safety net for farmers.

The recommended MSP, or the floor price for foodgrain, will be at a 10% premium to costs, that would be derived through a formula. The panel proposed that the safety net will kick in in the event of an unexpected slump in prices below the MSP.

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LIvemint.com, 31 March, 2015, http://www.livemint.com/Politics/zA0cFxf2z0qcsBW5tzx5oO/Govt-panel-seeks-MSP-revamp-safety-net-to-mitigate-risks-to.html


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