Sources told Business Today that demand is not feasible as it will cost the Centre an additional Rs 10 lakh crore. They said that the total value of agricultural produce in FY 20 was Rs 40 lakh crore. This included produce from dairy, farming, horticulture, livestock, and MSP crops.
The solution we propose is a storage-linked price deficiency payment mechanism that compensates producers for the difference between notified MSP and the actual realised price.