Impact of MSP on Agriculture Sector and Food Security
Srinkhala Ek Sodhparak
Vaicharik Patrika (P: ISSN NO.: 2321-290X RNI : UPBIL/2013/55327
VOL-8* ISSUE-1* September- 2020 E: ISSN NO.: 2349-980X)
Paper Submission: 15/09/2020, Date of Acceptance: 26/09/2020, Date of Publication: 27/09/2020
Abstract
Research Scholar, Dept. of Applied Economics and Commerce, Patna University, Patna, Bihar, India
Agricultural development to a great extent depends on the price. The farmer receives for his product or in other words, agricultural prices have a vital role in policy in the development of agriculture. Agricultural price policy plays an important role in achieving growth. The price policy is to protect both producers and consumers. This paper analyzes the impact of Agricultural price policy, MSP, and Procurement prices effect on agriculture. And provide some suggestions for MSP and food security through the public distribution system. The government’s price policy for agricultural produce is to set remunerative prices with a view to encouraging higher impertinent and production. Finally, it concluded that the Agriculture price policy is for economic growth and providing the optimal crop mix. The present study is undertaken with the focus on the effectiveness of the Minimum Support Prices. And MSP impact on the agricultural economy
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