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What is Minimum Support Price (MSP)?
📅 Published 13 Dec 2025 · December 2025
- Minimum Support Price (MSP) is the pre-declared price at which the government purchases agricultural produce from farmers.
- It acts as a price floor, ensuring that farmers are not forced to sell their crops below the cost of production.
- MSP is recommended by the Commission for Agricultural Costs and Prices (CACP) and approved by the CCEA.
- The policy aims to provide income stability, incentivise production, and support food and agricultural security.
📝 Relevant Exams:
UPSC