Question

discussion on farmer bill (msp)​

Answer 1

Answer:

The MSP is basically a guarantee to the farmers that if they don't a better price in the markets for the covered crops, the government would buy their agricultural produce at a fixed rate -- the MSP. This came to be perceived as protection against loss for the farmers.

Answer 2

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• MSP is Minimum Support Price which is given by FCI (Food Corporation of India) to the farmers for buying grains as buffer stock. Its value is announced to the farmers before the sowing season