Minimum Support Price (MSP): From Price Protection to a Self-Reliant and Sustainable Agriculture
“Strengthening farmer incomes, promoting crop diversification and advancing India’s food security” For Indian farmers, producing a good harvest does not necessarily translate into a stable or profitable income, as fluctuating market prices, increasing input costs and limited bargaining power can reduce returns and sometimes lead to distress sales. The Minimum Support Price (MSP) provides an…