 "farmers, farming, agriculture, msp")
Under pressure from farmers’ groups across the country due to falling prices and a glut of produce, the Bharatiya Janata Party-led National Democratic Alliance government announced a hike in the minimum support prices (MSP) of kharif (monsoon) season crops in July 2018. It claimed this was a “historic decision for farmers”.
However, the new MSPs do not meet the recommendations made by the M.S. Swaminathan-chaired national commission on farmers that suggested a ‘C2+50%’ formula to calculate MSPs–50% more than the weighted average cost of production, which includes the imputed cost of capital and rent for land cultivated, even self-owned land–which
