Social Sciences, asked by khundongbamroshan, 8 months ago

why do farmers need a minimum support price?​

Answers

Answered by madoka
3

Answer:

The main objective of Minimum Support Price (MSP) is to avoid losses of farmers by helping them regulate a minimum level of price at which a commodity can be purchased by the agents who purchase from farmers or which the government offers to buy.

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Answered by Anonymous
2

Answer:

The MSP is a minimum price guarantee that acts as a safety net or insurance for farmers when they sell particular crops. These crops are procured by government agencies at a promised price to farmers and the MSP cannot be altered in any given situation.

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