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LATEST NEWS UPDATES | The paltry increase in MSP for Rabi 2022-23 crops will not address the growing farming crisis -Soham Bhattacharya and Tapas Singh Modak

The paltry increase in MSP for Rabi 2022-23 crops will not address the growing farming crisis -Soham Bhattacharya and Tapas Singh Modak

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published Published on Sep 22, 2021   modified Modified on Sep 24, 2021

-Foundation for Agrarian Studies blog

The announcement on September 8, 2021 of the Minimum Support Price (MSP) for the upcoming Rabi Marketing Season (RMS) will be seen as adding insult to injury by thousands of protesting farmers who have sustained their agitation against the three anti-farmer Farm Acts for over a year.

This is because the procurement prices offered are not merely grossly inadequate but also because the package comes dressed in what has become a routine deception that the central government tries to pass off on farmers. This is the official claim that the announced MSP adheres to the National Commission on Farmers (NCF) guidelines in respect of remunerative procurement pricing.

The NCF, set up under agricultural scientist M.S. Swaminathan, had recommended a weighted average of C2+50 per cent as the minimum support price at the national level for agricultural commodities, where C2 represents all costs incurred by the farmer during cultivation. The newly announced MSP for Rabi crops for the agricultural year 2021-22, as we show in the following analysis, is only a partial remuneration of the actual cost of production.

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Foundation for Agrarian Studies, 22 September, 2021, http://fas.org.in/the-paltry-increase-in-msp-for-rabi-2022-23-crops/?fbclid=IwAR0YeRXTgquOFWBEksHL-U58_H4sLf-8kFNqyn4Xc5JeyiaaVh3VMs-sN1I


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