Data also show that a majority of the farmers were unaware of the Minimum Support Price regime Between 2013 and 2019, the share of agricultural households (HHs) that sold their produce in APMC mandis reduced sharply, while those that sold their produce to private traders increased significantly. Data show that a majority of the farmers were unaware of the Minimum Support Price (MSP) programme and procurement agencies. Among those who were aware, a significant share did not sell their produce to procurement agencies due to lack of infrastructure. More importantly, the share of households that were aware of MSP but did not sell to procurement agencies because they received better prices was negligible.Change in destinationThe table depicts the % point
Tag: Minimum support price
Amid protests, Centre hikes minimum support price for rabi crops
The Centre has increased the minimum support price (MSP) for wheat for the upcoming rabi season to ₹2,015 per quintal, a 2% hike from the ₹1,975 per quintal rate of last year.Oilseeds and pulses such as mustard, safflower and masoor dal saw higher MSP increases of up to 8% in a bid to encourage crop diversification, according to a statement on the decision of the Cabinet Committee on Economic Affairs on Wednesday. The MSP is the rate at which the government purchases crops from farmers. Currently, rates are fixed for 23 crops, including six crops during the upcoming rabi or winter season for which sowing will begin in October.In a tweet, Prime Minister Narendra Modi said the government had taken
Amid protests, Centre hikes MSP for rabi crops
The Centre has increased the minimum support price (MSP) for wheat for the upcoming rabi season to ₹2,015 per quintal, a 2% hike from the ₹1,975 per quintal rate of last year.Oilseeds and pulses such as mustard, safflower and masoor dal saw higher MSP increases of up to 8% in a bid to encourage crop diversification, according to a statement on the Cabinet Committee on Economic Affairs’s decision on Wednesday.The MSP is the rate at which the government purchases crops from farmers. Currently, rates are fixed for 23 crops, including six crops during the upcoming rabi or winter season for which sowing will begin in October.Farm unions under the Samyukt Kisan Morcha pointed out that the rate of inflation
Cabinet decision to hike MSP for Rabi crops will ensure max. remunerative price for farmers:PM
Prime Minister Narendra Modi on Wednesday said the Cabinet's approval to increase the Minimum Support Prices (MSP) for Rabi crops will ensure maximum remunerative price for farmers and also encourage them to sow a wide variety of crops.The Cabinet Committee on Economic Affairs (CCEA) chaired by Modi approved the increase in the MSP for all mandated Rabi crops for the Rabi Marketing Season 2022-23."Taking another big decision today in the interest of farmer brothers and sisters, the government has approved the increase in MSP of all Rabi crops," Mr. Modi tweeted."While this will ensure maximum remunerative price for the 'Annadataas', it will also encourage them to sow a wide variety of crops," the Prime Minister said.The sowing of Rabi
Farmers in Punjab, Haryana receive MSP directly in their bank accounts
With wheat harvesting in full swing in Punjab and Haryana, farmers, for the first time, have started receiving minimum support price (MSP) payment directly in their bank accounts under the Direct Benefit Transfer Scheme (DBT). The government data shows ₹5,385 crore has been transferred so far in the ongoing procurement season by the Central and State procurement agencies to farmers against purchase of their crops in both the States. In Punjab, ₹2,600 crore has been paid to accounts of farmers till April 20 under the scheme. In Haryana, ₹2,785 crore have been transferred directly to the accounts of farmers.Punjab Food Minister Bharat Bhushan Ashu said “under the DBT scheme payments more than ₹2,600 crore has been paid to the
Farm laws | Centre calls Punjab farmers for 2nd round of talks on December 3
The Centre on Tuesday said it has invited farmer unions from Punjab for the second round of ministerial talks on December 3 to resolve differences over the new agriculture laws.The meeting comes after farmer leaders laid a condition for another central ministerial meeting while calling off their ‘rail roko’ agitation in Punjab on Monday and lifted the nearly two-month-long blockade, allowing resumption of only goods trains.Explainer | Why are the Agriculture Bills being opposed?Speaking to PTI, Food Secretary Sudhanshu Pandey said, “We have called the representatives of over 30 farmer organisations for the second round of discussion on December 3 at Vigyan Bhawan at 11 am“.The secretary has sent the invitation to the farmer bodies on behalf of Union
Data | Market arrivals dip, procurement delays: How COVID-19 impacted agriculture
After the lockdown was imposed, the price of wheat dropped below the Minimum Support Price level which means that farmers were forced to sell at low prices Due to the stringent lockdown, the quantity of agricultural produce arriving in markets reduced substantially. This combined with delayed and poor procurement of farm produce forced farmers to sell at cheaper prices than expected. Both market arrivals and prices have seen a revival lately, but are still a far cry from the pre-lockdown levels.Out of the marketThe chart depicts the daily market arrivals of 302 farm products into 2,938 Indian markets in 2018 (represented by the green line), 2019 (represented by the blue line) and 2020 (represented by the red line). Market arrivals
Minimum Support Price: A matter of definition
The government has agreed to fix the Minimum Support Price (MSP) at 50% more than the production cost incurred by the farmer in kharif crops. But, there is a marked difference between what the government considers as the cost of production and what the farmer incurs. Here's a look at the difference in definition, how much each crop loses because of this difference and how frequently the Centre changes the MSP. The below table shows that the gap between promised and calculated MSP is highest for dal varieties Moong, Urad and Arhar. The below chart depicts the relationship between MSP and years when there was a Lok Sabha election. You have reached your limit for free articles this month. To get full access,