Page 5 - Minimum Support Price

Govt buys record wheat crop of over 40 mn tonnes at MSP for Rs 79,088 cr

The Centre on Friday said it has procured a record 400.45 lakh tonnes of wheat in the current marketing year that started in April, costing exchequer Rs 79,088 crore. The record procurement of wheat has been achieved amid farmers' protests at Delhi borders since late November 2020. Farmer unions are demanding a repeal of three new farm laws and a legal guarantee of the Minimum Support Price (MSP). Procurement of Wheat in ongoing RMS (Rabi Marketing Season) 2021-22 is continuing smoothly in Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan, Gujarat, Himachal Pradesh, and Jammu & Kashmir at MSP, as was done in previous seasons. Till May 27, a quantity of 400.45 lakh tonnes of wheat has been procured as against 353.09 lakh tonnes in the year-ago period. "About 42.36 Lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs. 79,088.77 Crore," an official statement said. The procurement has exceeded the previous high of 389.92 lakh tonnes

Best of BS Opinion: Redeeming India, dual regulation is bad, and more

Here are the best of Business Standard's opinion pieces for Thursday

Results of reforms

Direct payment for crops will benefit farmers

Ahead of kharif sowing season, govt allows free import of 3 types of pulses

Move aimed at controlling the spiralling prices of pulses; all consignments have to come by Nov 30, before the new local crops arrive

Chana prices fall below MSP in several major mandis: Check details here

Chana production is expected to be over 11.6 million tonnes this year

Adityanath govt to buy wheat directly from farmers from April 1-June 15

The Yogi Adityanath government in Uttar Pradesh will purchase wheat directly from farmers from April 1 to June 15 under the Minimum Support Price Scheme

Cabinet mulls hiking minimum support price for procuring raw jute

The Union Cabinet is believed to have considered a proposal to raise the support price for procuring raw jute during its meeting on Wednesday, according to sources.

States pull out a stock of sops and promises to woo the disgruntled farmer

What's on offer: Separate agricultural budgets, free water, stepped up direct transfers and a lot more

Govt MSP purchases chiefly driven by poor market prices the past few years

In other words, it is political compulsion, not political expediency, that has prompted the Centre to lift higher quantities of grain, pulses and other farm commodities

The twists and turns of the farm laws

While most of these need-based measures were mooted by the Swaminathan Commission, these were incorporated into the country's first-ever National Policy for Farmers, brought out by the UPA in 2007

E-payment of MSP will not affect 'arthiyas' of Punjab, Haryana: Govt

In Punjab and Haryana, the Centre and state agencies procure their quota of foodgrain largely through a network of mandis and middlemen

Centre directs Punjab, Haryana to make online MSP payment from next season

Centre plans to monetize assets of Food Corporation of India and Central Warehousing Corp, says union minister Piyush Goyal

India's MSP operations are WTO-compliant: Union Minister Piyush Goyal

Goyal on Tuesday said the minimum support price (MSP) operations being conducted by the country are completely compliant with the rules of the WTO

Give chance to agriculture reforms, MSP to stay: PM Modi to farmers

Narendra Modi said that the MSP will continue and so will the monthly ration scheme to 800 million people

Paddy procurement at MSP up 18% at 61.4 mn tn valuing nearly Rs 1.16 trn

Paddy procurement at MSP has risen by 18% so far this kharif marketing season to 61.4 mn tonnes, amid farmers protest at Delhi-borders against three new agri marketing reform laws

MSP regime has assured 1.5 times more price to farmers: Nirmala Sitharaman

Sitharaman on Monday said that the Minimum Support Price regime has undergone a change to assure price to farmers that is at least 1.5 times the cost of production across all commodities

New agriculture laws will undercut MSP procurement, Mandi system: Pawar

NCP president Sharad Pawar said the new agriculture laws of the Union government will adversely impact the Minimum Support Price (MSP) procurement and weaken the 'Mandi' system

No more concessions

Farmers' intransigence, invasion of Delhi are unacceptable

Farmers reject govt's proposal to hold farm laws for 18 months

This was announced by the Samyukt Kisan Morcha, an umbrella body of protesting unions leading protests at several Delhi border points

Agri market reforms ignore reality

A free market-based system does not reflect the diversity of the Indian agro-economy or the interests of small farmers