Question

what is minimum support price​

Answer 1

ANSWER⭐⭐❣❣

It is the price at which the government can purchase crops from farmers to safeguard the interests of the farmers.

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Answer 2

Minimum support price : The FCI purchase wheat and rice from the farmers in states where there is surplus production. The farmers are paid a preannounced price for their crops which price is called minimum support price. The MSP is declared by the government every year before the sowing season to provide incentives to the farmers for raising the production of the crops.

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