Minimum Support Price (MSP) Upsc

Minimum Support Price (MSP)

It is a pre-announced price, where the farmers are paid for their crops. It is set by the Government of India to procure crops directly from the farmers.

It is not enforceable by law. MSP rate is only to safeguard the farmer to get at least minimum profit for their harvest.

The government of India set the price for 23 commodities twice a year based on the recommendation of the Commission for Agricultural Cost and Prices (CACP) since 2009.

Msp calculation upsc

The MSP is calculated based on the cost of production, demand, supply, price fluctuation, market price trends, different cost and international market prices and agricultural wage rate.

23 Commodities Under Msp

  1. Rice
  2. Wheat
  3. Maize
  4. Sorghum
  5. Millet
  6. Barley
  7. Ragi
  8. Tur
  9. Moong
  10. Chickpea
  11. Urad
  12. Lentil
  13. Peanut
  14. Rapeseed
  15. Sesame
  16. Sunflower
  17. Safflower
  18. Niger seed
  19. Copra
  20. Sugarcane
  21. Cotton
  22. Jute
  23. Soybean

Cacp Upsc

Cacp full form is Commission for Agriculture Costs and Price. It was set up in 1965 and it is a decentralised agency of the Central Government. It is a statutory body that is part of the Ministry of Agriculture & Farmers Welfare.

Its current chairmen was Vijay Paul Sharma.

This agency is the body that recommends the MSP (Minimum Support Price). CACP recommends MSP of 23 commodities.

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* * All the Notes in this blog, are referred from Tamil Nadu State Board Books and Samacheer Kalvi Books. Kindly check with the original Tamil Nadu state board books and Ncert Books.
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