Question

what is msp and how ot is imp for farmers​

Answer 1

Answer:

Minimum Support Price (MSP) is a remunerative price to help farmers with adequate returns for their produce. In simple words, MSP is a shield that protects farmers from sudden dip in prices. Thus, it is conducive in maintaining food security and provides a base for price discovery in the market.

Explanation:

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Answer 2

The idea behind MSP is to give guaranteed price and assured market to the farmers and protect them from the price fluctuations and market imperfections. The guaranteed price and assured market are expected to encourage higher investment and in adoption of modern farming practices....