Agri Business

Farmers seek inclusion of high cultivation cost into MSP

PTI New Delhi | Updated on March 12, 2018

The Union Agriculture Minister, Mr Sharad Pawar at the press conference (file photo). -- A. Roy Chowdhury   -  Business Line

The farming community has demanded that the Government should consider rising cultivation cost while fixing the support price of all agri-crops next year, the Agriculture Minister, Mr Sharad Pawar, has said.

“Everywhere, farmers’ demand is to give serious thought to the cost of cultivation while fixing the support price of all agricultural crops, including sugarcane,” Mr Pawar told PTI yesterday.

Farmers are witnessing an increase in production costs, especially after the hike in fuel prices and rise in labour costs, he said.

The country’s foodgrains production has been improving because of good hike in MSP over the last few years, he added.

The Government fixes the minimum support price (MSP) of 21 crops to ensure remunerative prices to farmers to encourage higher investment and production of agricultural commodities.

MSP is fixed after taking into account the suggestions of the Commission for Agricultural Costs and Prices (CACP).

The Minister said that the Government is in the process of appointing the Chairman of CACP. In the last seven years, the support price of major crops has almost doubled. As a result, the country’s rice and wheat production has increased substantially, achieving a record output of 99.18 million tonnes and 80.68 mt, respectively, in the 2008-09 crop year.

To boost pulses production, the government has increased the MSP of gram to Rs 2,100/quintal and masur at Rs 2,250/quintal this year.

Published on January 26, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like