Question

What is 'Minimum support price ' (MSP) and 'Issue price'

Answer 1

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. ...

MSP is price fixed by Government of India to protect the producer - farmers - against excessive fall in price during bumper production years

Answer 2

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☆☞ Here is ur answer ☜☆

✔✔ 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.

✔✔ MSP is price fixed by Government of India to protect the producer - farmers - against excessive fall in price during bumper production years.

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