Question

What is buffer stock? Explain the role in food security.

Answer 1

Buffer stocks play an important role in food security. Buffer stock refers to excess grains or surplus quantity of wheat or rice. Buffer stock is procured by FCI (Food corporation of India).

 A price is announced for buffer stock called Minimum Support Price. The farmers are given a good price for this buffer stock. By this, the farmers are food secure.

Likewise, the surplus grains are distributed to rations shops by Public Distribution System. The rations shops sell these grains at very low price. By this, the poor can afford it. Now, these people are also food secure.

Thus, buffer stock plays an important role in food security.

Answer 2

buffer stock => it a reserve of a commodity that can be used to offset price fluctuations.

the role in food security are:-

With a growing global population, much of the current discourse on food security is focussed on increasing and expanding agricultural production. Much of this expansion is speculated to be at the expense of natural systems. However, some suggest that we already grow enough food and food scarcity is primarily caused by inadequate distribution, a lack of purchasing power and other non-productive causes. Thus the emphasis on production alone is not sufficient to guarantee future food security.

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