MSP

In all these years since the MSP was given birth to in 1965 through a newly-constituted Agricultural Prices Commission, now renamed as Commission for Agricultural Costs and Prices and the Food Corporation of India (FCI), only 6 per cent of farmers and broadly, 6 per cent of the value of agri-produce has benefitted from this system. 

NSSO's Situation Assessment survey, 70th round revealed in 2012-13, Only 6% of farmers sold their produce at MSP, majority of them were from Punjab-Haryana Belt. after that there is no survey available.

Asking for making MSP a statutory binding even on the private sector will turn out to be anti-farmer as much of the private trade will shun such a system, leading to chaos. 


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