The chief minister said the state government will bring in a loan-settlement scheme for farmers who defaulted on the repayment of their loans.
There are 25 per cent farmers across MP who have failed repay their loans, he said.
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Chouhan, who appealed for peace, said the government will deal sternly with anti-social elements who are resorting to violence amid the farmers' agitation.
He said the government has constituted a Rs 1,000 crore price stabilisation fund to help farmers secure a better price for their crops.
Also, an Agricultural Cost and Marketing Commission will be set up by the state government to ensure better prices for farm produce visa vis the crop cost, Chouhan said.
Farmers in western Madhya Pradesh are protesting since June 1, seeking loan waiver and higher prices for the farm produce among other things amid widespread violence including several incidents of arson.
On June 6, five protesters were killed in police firing in Mandsaur district, the epicentre of the agitation.
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