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Context: Recently, the Cabinet Committee on Economic Affairs has marginally increased the Minimum Support Price (MSP) of six rabi crops for 2021-22.
Issues with New Agricultural Reform
The farmers are protesting against the three Bills which includes:
In short, the Bills aim to do away with government interference in agricultural trade by creating trading areas free of middlemen and government taxes outside the structure of Agricultural Produce Market Committees (APMCs).
Minimum Support Price
Factors taken into consideration for fixing MSP include
The CACP also makes visits to states for on-the-spot assessment of the various constraints that farmers face in marketing their produce, or even raising the productivity levels of their crops.
Procurement: The Food Corporation of India (FCI), the nodal central agency of the Government of India, along with other State Agencies undertakes procurement of crops.
MSP Calculation: This MSP is usually estimated based on three types of calculation methods.
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