Minimum Support Prices (MSP)

Source:  TOI Context: The Cabinet Committee on Economic Affairs (CCEA) approved revised Minimum Support Prices (MSP) for 14 Kharif crops for the 2025–26 marketing season. About Minimum Support Prices (MSP): What is MSP? MSP is the minimum guaranteed price offered by the government to farmers for their crops, even if market prices fall. It protects …

UPSC Editorial Analysis: Demand for Legalising MSP

General Studies-3; Topic: Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System- objectives, functioning, limitations, revamping; issues of buffer stocks and food security;    Introduction The renewed farmers’ agitation at the Khanauri border between Punjab and Haryana, has reignited the debate on the necessity of a legal guarantee for Minimum …

Minimum Support Price

Syllabus: Agriculture Source:  DTE Context: Farmer leader Jagjit Singh Dallewal’s indefinite fast entered its 43rd day as the Parliamentary Standing Committee on Agriculture, has recommended a “legally binding” MSP. What is MSP? Definition: MSP is the price at which the government purchases crops from farmers to ensure they do not incur losses. Established by: Recommended …

Minimum Support Prices

Source:  PIB Context: The Indian government has recently approved an increase in the Minimum Support Prices (MSP) for six Rabi crops for the 2025-26 marketing season. Recent revision in MSP for Rabi crops: Wheat, Rapeseed & Mustard, Lentil (Masur), Barley, Gram, and Safflower. About Minimum Support Price: Definition: MSP is the guaranteed price paid to …

Insights into Editorial: The recent woes of the jute industry in West Bengal

      Context: Member of Parliament (MP) from Barrackpore constituency in West Bengal met Textile Minister to apprise him about issues concerning jute farmers, workers and the overall jute industry. Mills are procuring raw jute at prices higher than what they are selling them at after processing. A September 30, 2021, notification mandated that no …

What is fair and remunerative price (FRP)? How is it paid?

GS Paper 3: Topics Covered: Issues related to direct and indirect farm subsidies and minimum support prices.   Context: The Maharashtra government has issued a government resolution which will allow sugar mills to pay the basic fair and remunerative price (FRP) in two tranches. Sugar mill owners have welcomed the move. However, farmers are not …