Minimum Support Prices for Agricultural Produce

[op-ed snap] Fixing the MSP policyop-ed snap


Key Points:

  1. The hikes in minimum support prices (MSP) have been the highest for pulses.
  2. While it is the combination of higher MSPs and procurement that makes farmers grow more of a crop,
  3. getting FCI or other state agencies to step up procurement may not always be possible.
  4. And these are the 2 main reasons which incentivise the farmer. But how do you fix the math behind the MSP policy?

    Above all, most important thing – India needs to produce more pulses since pulse inflation is very high.