Robust production doesn’t necessarily boost farmers’ earnings. In the case of many crops, including oilseeds and pulses, the procurement levels are crucial and even the price support scheme sans procurement doesn’t seem to be working on the groun
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved modest increases of 5-7% in the minimum support prices (MSP) for rabi crops for the 2019-20 season. Even as the winter sowing has just commenced in most parts of the country, the expectations of a bumper crop has brightened, since abundant rains in August and September have led to improved soil moisture conditions.
Information and broadcasting minister Prakash Javadekar said the new MSPs for rabi season have been set on the basis of the government’s promise to provide minimum 50% profit to farmers over their cost of production (A2+FL). “This will also help achieve the government’s target of doubling farmers’ income (by 2022),” he said.
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