Economy, asked by yash0182738, 1 year ago

what is minimum support price

Answers

Answered by bathulaakshitha7

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. ... Theminimum support prices are a guarantee price for their produce from the Government.

Answered by radhikasri

the FCI purchases wheat and rice from farmers in states where there is surplus production. the farmers r paid a pre announced price for their crops. this is called minimum support price

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