MSP....MINIMUM SUPPORT PRICE ....? - Pdtalk

MSP....MINIMUM SUPPORT PRICE ....?




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MSP stands for Minimum support priceImagine you're a farmer growing crops. Now, the government in India wants to make sure you don't suffer too much if the prices for your crops suddenly drop. So, they have this system called Minimum Support Price (MSP).

Here's how it works:

  1. Protection for Farmers: The government steps in to help you out if the prices of your crops go really low. This is like a safety net for farmers.
      2.Crops Covered: The government decides on a Minimum Support Price at the beginning of the
planting season. This price is set for specific crops that are important for the country.

3.Help from Experts: There's a group called the Commission for Agricultural Costs and Prices
(CACP). They look at various factors and recommend what the Minimum Support Price should be
for different crops.

Back in the 1960s:

  1. Imagine India was running low on food. To fix this, the government wanted farmers to grow more food crops.
  2. So, they came up with something called Minimum Support Price (MSP) in 1965-66. It started with wheat.
  3. They set a guaranteed price for crops like wheat and paddy, so farmers were assured a certain amount for their hard work.

How it started:



  1. In 1964-65, they set the MSP for paddy at Rs 33.5-39 per quintal. In 1966-67, wheat got Rs 54/quintal.
  2. This MSP thing is announced a few weeks before the planting seasons (Kharif and Rabi) start. So, farmers know what to expect.   
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Why it began:

  1. Back in the 1960s, MSP was like a prize for farmers. It encouraged them to use better farming methods to grow more food.
  2. By the 2000s, it became more about the government stepping into the market to make sure farmers earned a good income

Latest Minimum Support Price - Kharif (2023-24); Rabi (2024-25) -As per Department of Agriculture and Co-operation, Government of India.

CommodityVarietyMSP 2022-2023 (Rs per quintal)MSP 2023-2024 (Rs per quintal)Increase over Previous Year (Rs per quintal)
KHARIF CROPS
PaddyCommon20402183143
PaddyGrade 'A'20602203143
JowarHybrid29703180210
JowarMaldandi29903225235
Bajra23502500150
Maize19622090128
Ragi35783846268
Arhar (Tur)66007000400
Moong77558558803
Urad66006950350
CottonMedium Staple*60806620540
CottonLong Staple **63807020640
Groundnut in shell58506377527
Sunflower seed64006760360
SoyabeenYellow43004600300
Sesamum78308635805
Nigerseed72877734447
RABI CROPS (RMS 2024-25)
Wheat21252275150
Barley17351850115
Gram53355440105
Masur (Lentil)60006425425
Rapeseed & Mustard54505650200
Safflower56505800150
Toria50505450400
OTHER CROPS
Copra (2024 crop season)Milling10,86011,160300
Copra (2024 crop season)Ball11,75012,000250
De-husked coconut (2023 season)2860293070
Raw Jute (2023-24 season)47505050300
Sugarcane (2023-24 season)315--

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