Minimum Support Prices (MSP) are government-set prices for certain crops. They aim to ensure farmers receive a fair income. MSP protects farmers from price fluctuations in the market. It encourages agricultural production and stabilises rural economies. The policy is crucial for food security in India. It also influences crop choices and farming practices across the country.
The agriculture sector is showing signs of recovery for the 2024-25 kharif season, with a projected record foodgrain output. The Ministry of Agriculture estimates production will reach 164.7...
