Question

What is the minimum support price and how is it implemented in your area?

Answer 1

Answer:

minimum price of a product that most of can afford

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Answer 2

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Therefore, the government has decided to set a minimum support price (MSP). A minimum support price is a price at which the farmers can sell their grain if they want to the government.

. ♦ MSP is a system/method to help the farmers to get a good price for their produce in the market.

. ♦ it is needed.

. ♦ to avoid agricultural brokers.

. ♦ to gain good revenue.

. ♦ to not to depend on money lenders.

. ♦ to lead contended life.