Question

The price at which government purchase before sowing is called

Answer 1

✴ Heya ✴

⏩It is called Minimum Selling Price.In this process govt will purchase some goods from farmer in order to save farmers from loss

Answer 2

The price at which government buy before sowing is called Minimum Support Price (MSP).

It is a form of market mediation by the Government of India to guarantee agricultural makers against any sharp fall in homestead prices.

The minimum support prices are declared by the Government of India toward the start of the sowing season for specific yields based on the proposals of the Commission for Agricultural Costs and Prices (CACP).

MSP is price settled by the Government of India to secure the maker - farmers - against unreasonable fall in price amid guard creation years.