Government has recently announced Minimum Support Prices (MSP) for 6 mandated rabi crops viz. wheat, barley, gram, masur (lentil), rapeseed & mustard and safflower, for Rabi Marketing Season (RMS) 2022-23, on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP), and after considering the views of State Governments and Central Ministries/Departments concerned and other relevant factors.
The NITI Aayog (erstwhile Planning Commission) has conducted a study entitled “Efficacy of minimum support prices on farmers”, 2016.
The study covered 14 States, 36 Districts, 72 Blocks, 144 Villages and 1440 Households. The study is based on both the primary and secondary data.
The study has found among other things that MSP declared by the Government has encouraged 78 % of the farmers covered under the study for adopting improved methods of farming such as high yielding varieties of seeds, organic manure, chemical fertilizer, pesticides and improved methods of harvesting etc.
What is MSP?
The minimum support price is policy that was introduced in India to support the farm sector, which is a major employer in India. The MPP serves as an advisory price signal for the minimum price of food crops.
A managed service provider (MSP) offers a computing framework platform for the organizations to remotely manage their customer’s IT infrastructure.
The services may also extend to managing the end-user systems, basically on a proactive basis or under a subscription model.