Question

Why government announces minimum support price for farmers?​

Answer 1

Explanation:

MSP is price fixed by Government of India to protect the producer - farmers - against excessive fall in prices during bumper production years. The MSP is a guarantee price for their produce. The major objectives are to support the farmers from distress sales and to procure food grains for public distribution.

Answer 2

Answer:

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Explanation:

The government has announces minimum support price for farmers because to protect the farmers against excessive fall in price during bumper production year