Facilitating the Minimum Support Price for Farmers

Photo Courtesy: CCO
Government ensures minimum profits for farmers through minimum support price when open market offers lesser prices than what has gone as inputs. Photo: Ground nut stocks, Kheda, Gujarat

Abstract: Several commissions have been set up from time to time to address the issue of foodgrain pricing. However, the PM-ASHAA scheme launched in the 2017-18 Union Budget is expected to revisit the challenges of minimum support prices.

The author is a Professor, Institute of Economic Growth, Delhi, and Honorary Director, Agricultural Economics Research Centre, University of Delhi, New Delhi. csekar@iegindia.org.