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minimum support price

UPSC CURRENT AFFAIRS | GOVERNMENT FORMS PANEL FOR MINIMUM SUPPORT PRICE (MSP), NATURAL FARMING AND CROP DIVERSIFICATION | 20TH JULY | INDIAN EXPRESS

SYLLABUS SECTION: GS III (AGRICULTURE)

WHY IN THE NEWS?

Recently Centre notified a committee to promote zero-budget based farming and to make the minimum support price(MSP) more effective and transparent.

  • The committee has set up under former Union Agriculture Secretary,
  • Sanjay Agrawal to fulfil government’s commitment during the repeal of farm laws eight months ago.

WHAT WILL THE COMMITTEE DO?

  • The committee will provide suggestions to make available MSP to farmers of the country by making the system more effective and transparent.
  • It will also give suggestions on practicality to give more autonomy to Commission for Agricultural Costs and Prices (CACP) and measures to make it more scientific.
  • It will recommend measures to strengthen the Agricultural Marketing System as per the changing requirements of the country,
  • To ensure higher value to the farmers through remunerative prices of their produce by taking advantage of the domestic and export opportunities.
  • It will provide suggestions on 4 points related to crop diversification including:
  1. mapping of existing cropping patterns of agro-ecological zones of producer and consumer states;
  2. strategy for diversification policy to change the cropping pattern according to the changing needs of the country;
  3. arrangement for agricultural diversification & system to ensure remunerative prices for the sale of new crops;
  4. review and suggestion on micro irrigation scheme for minimum support price (MSP).

MSP REGIME:

  • During each cropping season, Union government on recommendations of Commission for Agricultural Costs and Prices (CACP) announces MSP for 23 crops.
  • MSP for a crop is the price at which government is supposed to procure/buy
  • that crop from farmers if the market price falls below it.

SOURCE: INDIAN EXPRESS

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