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Cabinet approves increase in MSP of Kharif crops for marketing season 2021-22 to support farmers

New Delhi [India], June 9 (ANI): In a bid to increase the farmers' income, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved an increase in the Minimum Support Prices (MSPs) for all mandated Kharif crops for marketing season 2021-22.

Ushering in the dawn of diversification in agriculture

While the Supreme Court has constituted an expert committee, it is yet to make progress. Share Via Email   |  A+A A- Farmers of Punjab moving towards Delhi to take part in their January 26 tractor rally as part of the ongoing agitation against agri laws. (Photo | PTI) The farmers’ agitating on the Delhi borders are preparing to take out a tractor rally on the Republic Day in the backdrop of a deadlock in negotiations with the Centre over the three farm laws. While the Supreme Court has constituted an expert committee, it is yet to make progress. The current agitation has sparked a debate on the systemic problems plaguing agriculture. Bottlenecks at each stage have contributed to the stagnation of farm incomes.

Ensure farmers right to remunerative prices - The Hindu BusinessLine

Ensure farmers’ right to remunerative prices × Farmers’ organisations are right in seeking legal backing for MSP. The price deficiency payment scheme should be implemented Due to certain peculiarities of agriculture, farmers as producers, unlike their counterparts elsewhere, are not in a position to decide the price of what they produce. Price discovery through sheer free play of supply and demand that rarely exists elsewhere, prevails in agriculture. That, unfortunately, relegate the farmers to price ‘takers’ rather than ‘makers’, and that is the root cause of the problem. Keeping this serious deterrent in view, the government of India has been ‘intervening’ by declaring Minimum Support Price (MSP) to put a check on ‘free market forces’ so that the prices of farm commodities are not pushed below that benchmark level.

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