What is the word MSP that creates mistrust between the farmers and the government? Why is it and since when? This is the perfect answer ...
According to the report of Shantakumar Punch, only 6% of the farmers in the country sell their produce as per MSP, so the Shantakumar Punch has recommended to abolish this system.
The peasant nationwide agitation against the three laws known as the Agricultural Reforms does not go unnoticed. All attempts at persuasion by the government have failed. The biggest doubt in the minds of farmers who announced the closure of India on Tuesday is related to the minimum support price for MSP. They fear the new law will shut down the MSP.
Despite Minister of State for Agriculture Narendrasinh Tomar's assurance that the MSP will not be discontinued, the farmers are adamant on the demand for repeal of the new law by giving legal sanction to the provision of MSP. What is MSP, who decides it, on what basis, do farmers know anything about the MSP of any agricultural product?
What is MSP? Why have
As more than half of India's population is engaged in agriculture-based employment, the Indian economy is largely dependent on agriculture, so getting affordable prices for agricultural produce remains a priority for the government.
Twice a year (during rabi and kharif seasons) the government-appointed Punch announces a minimum support price to prevent losses to farmers and if no one buys produce at this price in the open market, the government buys it itself to prevent farmers from incurring losses.
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The purpose of this is to unite the market and prevent the exploitation of farmers by giving low prices or to prevent the farmer from incurring losses when a bumper product of a farm product is produced and the price goes down.
