-The Hindu Business Line The MSP for many crops is already 1.5 times cost; and procurement is either absent or very minimal except for paddy and wheat There has been much speculation on the Budget promise to farmers of 50 per cent return on cost of production. But this may not help farmers much, as many crops already enjoy 50 per cent profit at minimum support price (MSP), according to the price...
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MSP for Jowar: At 150% of cost, it will distort market price -Prabhudatta Mishra
-Financial Express If the government implements the assured minimum support price at one and a half times the production cost, as promised, it would jack up consumer prices of jowar and distort the market dynamics of the “poor man’s cereal”. Besides, the measure would also dampen exports, analysts warn. At 150% of the cost (A2+FL), the MSP for jowar for the next season could be at least 37% higher than the...
More »Farmer groups flag pending vacancies in agri pricing panel -Sayantan Bera
-Livemint.com The positions of two non-official members representing farming community and one official member have been vacant for 2 years New Delhi: Following years of low crop prices and protests by farmers, the centre in its budget for 2018-19 promised to ensure remunerative prices for farmers through higher minimum support prices (MSPs). However, in the Commission for Agricultural Costs and Prices, or CACP— an office of the agriculture ministry mandated to recommend...
More »Arun Jaitley hasn't fulfilled his promise to farmers. So why is he pretending like he has? -Yogendra Yadav
-ThePrint.in The FM knew that the media would not spend that much of time and attention on farmers. He knew that on farmers, you need not put your money where your mouth is. I type the finance minister’s name very carefully. He is “Jaitley”, and not “Jaitlie”. I bow to India’s Parliament and note that the spelling of his name is a matter of national interest. Now I wait for Parliament to...
More »Agriculture: Budget promises MSP 50% above cost, doesn't define which cost -Harish Damodaran
-The Indian Express Whether it is the Budget, the Swaminathan formula or the BJP manifesto, none of them has quite defined what really constitutes “cost of production”. And therein lies the nub. The Union Budget for 2018-19 has promised to fix minimum support prices (MSP) for crops to guarantee farmers at least 50 per cent returns on production costs. This is quite similar to the original recommendation of the M S Swaminathan-headed...
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