Why legal guarantee for Minimum Support Price, the other demand of protesting farmers is a lose-lose proposal
India
Published Nov 25, 2021
Tridge summary
New Delhi: Protesting farmers are refusing to return home, even after Prime Minister Narendra Modi has promised to repeal the three contentious farm laws. They have now written to the Prime Minister, stating that they will continue their protest for other demands, chief among them the legal guarantee for Minimum Support Price (MSP). MSP is the minimum price safety net provided by the government to farmers. It is through MSP that the government procures farmer produce to give them a guaranteed price, along with an assured procurement market.
Original content
New Delhi: Protesting farmers are refusing to return home, even after Prime Minister Narendra Modi has promised to repeal the three contentious farm laws. They have now written to the Prime Minister, stating that they will continue their protest for other demands, chief among them the legal guarantee for Minimum Support Price (MSP). MSP is the minimum price safety net provided by the government to farmers. It is through MSP that the government procures farmer produce to give them a guaranteed price, along with an assured procurement market. As of now, the central government, on recommendation of the Commission for Agricultural Costs & Prices (CACP), declares MSP for 23 crops — paddy, wheat, maize, sorghum, pearl millet, barley, ragi, gram, tur, moong, urad, lentil, groundnut, rapeseed-mustard, soybean, sesamum, sunflower, safflower, niger seed, copra, sugarcane, cotton and raw jute. Without the legal mandate, the government is under no obligation to procure the 23 crops under MSP. ...
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