Question

Q.1. Explain buffer stock and activities related to
creation for buffer stock.​

Answer 1

Answer:

● Buffer stock is the stock of foodgrains, namely wheat and rice procured by the government through Food Corporation of India (FCI).

● Following are the activities related to creation for buffer stock :

• The FCI purchases wheat and rice from the farmers in states where there is surplus production.
• The farmers are paid a pre-announced price for their crops. This price is called Minimum Support Price (MSP).
• The MSP is declared by the government every year, before the sowing season to provide incentives to the farmers for raising the production of these crops.
• The purchased food grains are stored in granaries by the government.
• This is done to distribute foodgrains in the deficit areas and among the poorer strata of society, at a price lower than the market price also known as Issue Price.
• This also helps resolve the problem of shortage of food during adverse weather conditions or during the periods of calamity.

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