Farmers are demanding a legal guarantee for MSP (minimum support price) which in simple terms will ensure them a fixed income, provided they are able to harvest a normal crop. But first, the facts and some background to the demand for MSP. When a similar demand came up before the 2019 elections, the Centre’s top brass announced in October 2018 that MSP would be henceforth fixed at minimum 50 per cent profit over costs. For the first two or three years after October 2018, farmers complained of receiving less than the MSP. The best part about a legal guarantee will be the uniformity in returns across crops.

Source: The Hindu February 29, 2024 05:30 UTC