-The Hindu Farmer groups unhappy with the increase in paddy price. The Central government has hiked the minimum support price (MSP) for common paddy to ₹1,940 a quintal for the coming kharif season, less than 4% higher than last year’s price of ₹1,868. The decision was taken by the Cabinet Committee on Economic Affairs on Wednesday. In a bid to encourage crop diversification, there were slightly higher increases in the MSP for pulses, oilseeds...
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Mandi prices rule below their minimum support prices as rabi arrivals peak
-Financial Express While wheat prices may firm up once the official procurement begins in all the producing states, the government will have to implement a robust procurement system for other crops to support the prices fetched by farmers. Mandi prices of most rabi crops ruled below their minimum support prices (MSPs) during the last month, even as more than half of the winter crop has been harvested (see chart). While wheat prices...
More »Strengthening the MSP System -MS Sriram
-Newsclick.in The MSP system has long been the central topic of discussion in agricultural reforms. The MSP system has long been the central topic of discussion in agricultural reforms. Demystifying its pros and cons, PROF M S SRIRAM writes on what we can learn and do to make MSP an effective mechanism that empowers farmers. ARGUMENTS against a statutory minimum support price (MSP) have hovered around the following lines: The MSP benefits only a...
More »Imbalances in India’s cereal economy need more than a short-term fix -Jean Dreze
-The Indian Express The need of the hour is to expand distribution under the PDS. Failing that, the country is heading towards another round of wasteful stock accumulation even as poor people struggle to feed their families. The paradox of “hunger amidst plenty” has haunted India for a long time and shows no sign of going away. On the contrary, it reached a new plane in 2020. On the one hand, the...
More »Explained: The cost of guaranteed MSP -Harish Damodaran
-The Indian Express Apart from repeal of farm laws, farmers are demanding guaranteed minimum support prices, which have no legal backing. A look at what the implications would be if the govt did provide the guarantee Farmer unions protesting on Delhi’s borders are raising two fundamental demands. The first is for repealing the three agricultural reform laws enacted by the Centre. The second is to provide legal guarantee for the minimum support...
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