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A legal guarantee for Minimum support price (MSP) should be part of a broader agricultural reform strategy that includes market reforms, technology adoption, and improving farmers’ access to credit and infrastructure. Examine.

Topic: Issues related to direct and indirect farm subsidies and minimum support prices;

4. A legal guarantee for Minimum support price (MSP) should be part of a broader agricultural reform strategy that includes market reforms, technology adoption, and improving farmers’ access to credit and infrastructure. Examine. (250 words)

Difficulty level: Tough

Reference: Indian ExpressInsights on India

Why the question:

The article emphasizes the importance of legally establishing the Minimum Support Price (MSP) for agricultural products in India

Key Demand of the question:

To write about tory the various issues in the MSP regime and how a statutory backing can help solve the issues and other measures required to have comprehensive reforms.

Directive word: 

Examine – When asked to ‘Examine’, we must investigate the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.

Structure of the answer:

Introduction:

Start by writing about MSP, its aims and objectives.

Body:

Next, mention the limitations associated with MSP. Non-realisation of Price, Lack of procurement, only beneficial for selected crops, Lack of quality control and payment immediacy etc.

Next, write about legal guarantee for MSP and how it can help overcome the above issues.

Next, write about the systemic measures that are needed for farmers to get remunerative prices. Increasing procurement efficacy, increasing awareness level of farmer and considering price deficiency payments etc.

Conclusion:

Conclude with way forward.