That the announcement of minimum guidance value (MSP) for several crops has come to be a ritualistic training above the years has however again been verified by the latest Cupboard determination to hike the MSP for the 2021-22 Kharif season crops.
The distinct objective of the value hikes and supposed results are not very clear. The intention of MSP ought to be to ship a sign to growers that they take a call on what crop to expand, guarantee them of a minimum value and inspire a change from one particular crop to a further where required.
In India, agriculture is subject matter to a number of hazards. Crop cultivation is seasonal and regional in character. The output industry tends to be volatile. For the duration of the harvesting season, produce charges tend to collapse. MSP delivers assurance of a minimum value so that the farmer recovers his expense and