What does remunerative and procurement prices mean? Please help! U get 35 pts for this!
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Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. ... Then thereis this concept of PROCUREMENT PRICE,which is the price at which government procures food grains for buffer stocking and PDS purposes through FCI.
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Remunerative price and procurement prices.
Remunerative price is otherwise known as a fair and remunerative price. While the procurement price is the price at which the government used to procure from the farmers in order to maintain the public distribution system.
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