-Newsclick.in A guaranteed MSP system will also reduce public storage costs/wastage if it is complemented by a universal public distribution system. The year-long protest by farmers and workers compelled the Centre to repeal the three contentious farm laws, which were designed to further corporate encroachment in agriculture, on November 29. On December 11, the protest ended but not before the protesters reiterated their demand for a legal guarantee on Minimum Support Price...

-The Hindu Why are farm unions seeking a minimum support price for all crops? What are the terms of the committee set up to look into their demands? The story so far: After a year-long agitation on the borders of Delhi, protesting farm unions under the banner of the Samyukt Kisan Morcha have achieved their headline demand, namely the repeal of three contentious laws seeking to reform the storage and marketing of...

One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

When one of the three farm laws i.e., The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 was enacted last year, it was argued by its proponents that the legislation would allow the farmers to sell their produce (and the traders to purchase that produce) outside the Agricultural Produce Market Committee-APMC mandis after crop harvesting. In a way, that particular piece of legislation was enacted to end the...

-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...