Many economists suggest that Minimum support prices for various agricultural commodities should be replaced by a system of price deficiency payments to farmers. Do you agree with the view? Critically discuss? (250 W/ 15 M) - Civilsdaily

Many economists suggest that Minimum support prices for various agricultural commodities should be replaced by a system of price deficiency payments to farmers. Do you agree with the view? Critically discuss? (250 W/ 15 M)

Mentor’s comment Very good and technical question and covers a topic specifically mentioned in the syllabus. If you are unaware of price deficiency payments then you will lose the question. Price deficiency payment system is a system where a subsidy is provided on targeted produce in case the price falls below a pre-specified threshold. It … Continue reading Many economists suggest that Minimum support prices for various agricultural commodities should be replaced by a system of price deficiency payments to farmers. Do you agree with the view? Critically discuss? (250 W/ 15 M)