The price declared by the Government every year before the sowing seas

The price declared by the Government every year before the sowing season to provide incentives to the farmers is called

buffer price
issue price
minimum support price
fair sustenance price
This question was previously asked in
UPSC CAPF – 2021
The correct answer is C) minimum support price.
The Minimum Support Price (MSP) is the price set by the Government of India for certain agricultural produce, to protect the farmer against excessive falls in farm prices during bumper production years. It is announced by the government before the sowing season for certain crops, providing a price guarantee and acting as an incentive for farmers to cultivate those crops. The idea is to ensure a minimum profit for the farmers and encourage crop production.
Buffer price (A) is not a standard term in this context, although related to buffer stock operations. Issue price (B) is the price at which food grains are distributed from the government’s buffer stock (e.g., through PDS), determined after procurement. Fair sustenance price (D) is not a recognized term in this context.
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