Relevance Of Msp During The Changing Agricultural Policy

The protest against the three controversial farm laws - Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; Farmers (Empowerment and Protection) Agreement of Price Assurance, Farm Services Act, 2020; and the Essential Commodities (Amendment) Act, 2020) - has been called off by the farmer unions once these were repealed. Farmers feared that this legislation would put an end to both government purchases and the MSP.

• The government has agreed to the unions' demand for the establishment of a committee to ensure that all farmers receive minimum support prices (MSP).

Minimum Support Price

• Minimum Support Price (MSP) is the assured ....