[Answered] To what extent has the MSP Policy achieved its intended purpose. Analyzing the limitations of the MSP policy, suggest remedial measures

Introduction: Write about MSP policy in India explaining the context. Body: Write major objectives of MSP policy. Write the achievements of MSP policy. Write the challenges of MSP policy. Write remedial measure to address the challenges. Conclusion: Conclude contextually, giving a way forward.  Minimum Support Price (MSP) is a market intervention by the Government to… Continue reading [Answered] To what extent has the MSP Policy achieved its intended purpose. Analyzing the limitations of the MSP policy, suggest remedial measures

Don’t support minimum support prices

News: Legal MSP is an illogical, expensive and inefficient policy instrument. Unless farmers move rapidly towards high-value agriculture, there is not much scope to achieve better incomes for smallholders in an economically efficient and sustainable way. What is the actual reach of MSP regime? If one uses the Census and National Accounts data, – The… Continue reading Don’t support minimum support prices

Legal MSP: A right and a necessity

News: The demand for legal guarantee for the MSP has become the subject of much debate since the start of the farmer agitation. Many arguments have been given centred around its economic and legal feasibility. But, most are not supported by data or sound economic logic. Must Read: Legalising MSP: Challenges and way forward –… Continue reading Legal MSP: A right and a necessity

What true MSP means

News: Farms laws have been repealed by the Govt. Further, it has also conceded to the demand of the unions to set up a committee to ensure minimum support prices (MSP) for all farmers along with other assurances. Amongst them, perhaps the most controversial and ambiguous is the demand for a guarantee of MSP. As… Continue reading What true MSP means

Assessing the case for a legal MSP

News: After getting the three farm laws repealed, the farm unions are now demanding a legalisation of MSP. But legalising MSP must be backed by a programme with requisite resources (like MGNREGA) and a time-frame within which governments would expand and diversify their procurement portfolios, in line with agro-ecology. Why the state continues to intervene… Continue reading Assessing the case for a legal MSP

India’s repeal of farm laws won’t resolve our real crisis of farming

News: The repeal of Farm laws is unlikely to end farmer worries. The need of the hour is to reform agriculture. What are the issues being faced by the agricultural sector? Farming in India is faced with many problems that makes farmers livelihood unsustainable. For example, the sector is faced with rising input costs and… Continue reading India’s repeal of farm laws won’t resolve our real crisis of farming

On legalising MSP: Supporting farmers

News: Farmers are now protesting for a legally guaranteed minimum support price (MSP) In terms of policy intervention, it is well accepted that incomes in the farm sector have fallen behind, compared to other sectors of the economy, and farmers need to be fairly compensated. But a legal price guarantee is not the solution. There… Continue reading On legalising MSP: Supporting farmers

Legalising MSP: Challenges and way forward – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction After Govt’s recent decision to repeal three contentious farm laws, protesting farmer unions are now pressing for their demand of the legalisation of Minimum Support Price (MSP). They want a legal guarantee for the MSP, which at present is just an indicative or a desired price. Legalising MSP would put… Continue reading Legalising MSP: Challenges and way forward – Explained, pointwise

Explained: What is the basis of MSP? How is it fixed, and how binding is it?

News: Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 does not provide any safeguards for the continuance of the existing minimum support price (MSP)-based procurement regime. Facts: MSP is the minimum price paid to the farmers for procuring food crops. It is announced by the Government at the beginning of the sowing season.… Continue reading Explained: What is the basis of MSP? How is it fixed, and how binding is it?

Government hikes minimum selling price of sugar

Government has increased the minimum selling price (MSP) of sugar to support the oversupply hit sugar industry. MSP is the minimum price paid to the farmers for procuring food crops.It is announced by the Government at the beginning of the sowing season. There are two objectives of the Minimum Support Price system (a)To prevent distress… Continue reading Government hikes minimum selling price of sugar