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

MSP stands for Minimum support price. Imagine 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.

Commodity	Variety	MSP 2022-2023 (Rs per quintal)	MSP 2023-2024 (Rs per quintal)	Increase over Previous Year (Rs per quintal)
KHARIF CROPS
Paddy	Common	2040	2183	143
Paddy	Grade 'A'	2060	2203	143
Jowar	Hybrid	2970	3180	210
Jowar	Maldandi	2990	3225	235
Bajra		2350	2500	150
Maize		1962	2090	128
Ragi		3578	3846	268
Arhar (Tur)		6600	7000	400
Moong		7755	8558	803
Urad		6600	6950	350
Cotton	Medium Staple*	6080	6620	540
Cotton	Long Staple **	6380	7020	640
Groundnut in shell		5850	6377	527
Sunflower seed		6400	6760	360
Soyabeen	Yellow	4300	4600	300
Sesamum		7830	8635	805
Nigerseed		7287	7734	447
RABI CROPS (RMS 2024-25)
Wheat		2125	2275	150
Barley		1735	1850	115
Gram		5335	5440	105
Masur (Lentil)		6000	6425	425
Rapeseed & Mustard		5450	5650	200
Safflower		5650	5800	150
Toria		5050	5450	400
OTHER CROPS
Copra (2024 crop season)	Milling	10,860	11,160	300
Copra (2024 crop season)	Ball	11,750	12,000	250
De-husked coconut (2023 season)		2860	2930	70
Raw Jute (2023-24 season)		4750	5050	300
Sugarcane (2023-24 season)		315	-	-

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